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Through the Looking Glass: Central Bank Transparency

Author

Listed:
  • Alan S. Blinder

    (Princeton University)

Abstract

Research on central banking is a growth industry. A computer search on the phrase central banking conducted on econlit, turned up 980 references in the 1970s, 1929 in the 1980s and a staggering 4921 in the 1900s. Performance like that does not quite match the stock market, but it is close. I will leave it to Bob Shiller to decide whether this growth reflects solid fundamentals or a faddish irrational exuberance, But I will wager that the academic literature on central banking will fall into a slump comparable to the Nasdaq.

Suggested Citation

  • Alan S. Blinder, 2002. "Through the Looking Glass: Central Bank Transparency," Working Papers 116, Princeton University, Department of Economics, Center for Economic Policy Studies..
    • Handle: RePEc:pri:cepsud:86
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    File URL: https://gceps.princeton.edu/wp-content/uploads/2017/01/86blinder.pdf
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    Cited by:

    1. Tatjana Dahlhaus & Tatevik Sekhposyan, 2018. "Monetary Policy Uncertainty: A Tale of Two Tails," Staff Working Papers 18-50, Bank of Canada.

    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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