Eijffinger, Sylvester; Geraats, P.; van der Cruijsen, C.A.B. - Tilburg University, Center for Economic Research - 2006
that increased transparency should result in lower nominal interest rates.This paper exploits a detailed transparency data … interest rates is affected by the degree of central bank transparency.In particular, the majority of the improvements in … transparency are associated with significant effcts on interest rates, controlling for economic conditions.In most of these cases …