Affiliation:
1. Professor, Department of Banking, Kharkiv National University of Economics
2. Assistant of the Chair of Finance, Banking and Insurance, Education and research Institute for business technologies «UAB», Sumy State University (Ukraine)
Abstract
This study presents empirical evidence on the impact of monetary policy transparency on inflation. A lot of studies analyzed how monetary policy transparency is entangled with inflation level from a theoretical point of view and came to contradictory results (some studies argued that transparency leads to lower inflation, others concluded that transparency results in higher prices). But this study is different from prior studies. Firstly, it looks at investigated issue empirically. Secondly, it considers for other causes of inflation and employs a panel data set on central bank transparency. Thirdly this paper investigates the issue associated with transparency in Ukraine. The authors find that transparency significantly reduces inflation rates in developed countries, but it is positively associated with inflation in Ukraine.
Keywords: central bank, monetary policy transparency, information disclosure, inflation. JEL Classification: E52, E58, E59
Publisher
LLC CPC Business Perspectives
Subject
Finance,Management of Technology and Innovation,Marketing,Organizational Behavior and Human Resource Management,Law
Cited by
4 articles.
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