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Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?

Lustenberger, Thomas and Rossi, Enzo. (2018) Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts? WWZ Working Papers, 2018 (06).

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Official URL: https://edoc.unibas.ch/61496/

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Abstract

In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors and dispersion.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Lustenberger, Thomas Beat Markus
Item Type:Working Paper
Publisher:WWZ, University of Basel
Number of Pages:80
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2018/06
Last Modified:08 Mar 2018 11:06
Deposited On:08 Mar 2018 11:06

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