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Central bank transparency and exchange rate volatility effects on inflation-output volatility

Economics and Business Letters

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Title Central bank transparency and exchange rate volatility effects on inflation-output volatility
 
Creator Papadamou, Stephanos
Sidiropoulos, Moïse
Spyromitros, Eleftherios
 
Description While the tendency towards more transparent central banks is irrefutable, the effects of more transparent monetary policies mainly on output volatility are not clear-cut. In this note, we estimate our panel for 36 countries over the period 1998-2005 which is characterized by significant changes in central bank transparency levels, using the Prais-Winsten method with PCSEs and controlling for the exchange rate volatility that positively affects inflation and output. We provide evidence in favor of transparency and exchange rate stability policies since they reduce both output and inflation volatility.
 
Publisher Oviedo University Press
 
Contributor —
 
Date 2016-09-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.unioviedo.es/reunido/index.php/EBL/article/view/11272
10.17811/ebl.5.4.2016.%p
 
Source Economics and Business Letters; Vol 5, No 4 (2016): December - Special Issue Selected papers from 2nd AMEF (May 2016)
Economics and Business Letters; Vol 5, No 4 (2016): December - Special Issue Selected papers from 2nd AMEF (May 2016)
2254-4380
10.17811/ebl.5.4.2016
 
Language eng
 
Relation http://www.unioviedo.es/reunido/index.php/EBL/article/view/11272/10708
http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/11272/1046
http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/11272/1047
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