Transparency and deliberation within the FOMC: a computational linguistics approach

Transparency and deliberation within the FOMC: a computational linguistics approach

How does transparency, a key feature of central bank design, affect monetary policymakers’ deliberations? Theory predicts a positive discipline effect and negative conformity effect. We empirically explore these effects using a natural experiment in the Federal Open Market Committee in 1993 and comp...

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Dades bibliogràfiques
Autors principals:	Hansen, S, McMahon, M, Prat, A
Format:	Journal article
Publicat:	Oxford University Press 2017

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