Central bank transparency and committee deliberation

Stephen Hansen, Michael McMahon, Andrea Prat, 20 June 2014

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Introduction

The world’s major central banks display significant differences in transparency. The European Central Bank currently publishes no direct information on its internal policy debates, and will only release minutes with a 30-year lag. The Bank of England releases minutes soon after meetings, but withholds transcripts.

Topics: Monetary policy
Tags: central bank transparency, computational linguistics, ECB, FOMC

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