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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| Aineistotyyppi: | Journal article |
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Oxford University Press
2017
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