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Author:Cukierman, Alex 

Working Paper
Some problems with current price indexes

Working Papers , Paper 1987-002

Conference Paper
The limits of transparency

This paper probes the limits of transparency in monetary policymaking along two dimensions: feasibility and desirability. It argues that even central banks that are considered champions of openness are not very clear about their measures of the output gap and about their beliefs regarding the effects of policy on inflationary expectations. This is due mainly to limited knowledge about the economy. It implies that feasibility constraints on transparency are more serious than stylized models of the transmission mechanism would imply. In addition no central bank has made clear statements about ...
Proceedings

Journal Article
Central bank behavior and credibility: some recent theoretical developments

Review , Issue May , Pages 5-17

Conference Paper
Why does the Fed smooth interest rates?

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