Title: Monetary Policy and the Paradox of Transparency
Subtitle: Striking the Right Balance
Subject Classification:  Economics and Finance, Politics and Government  
BIC Classification: KF, JP
BISAC Classification: BUS045000, BUS069030, POL024000
Binding: Hardback, eBook
Planned publication date: Mar 2026
ISBN (Hardback): 978-1-83711-421-4
ISBN (eBook): 978-1-83711-422-1

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Description

In an era when transparency is often deemed essential for effective monetary policy, is there a point at which an overload of information becomes counterproductive? While numerous empirical studies highlight the benefits of transparency, such as enhancing economic performance, bolstering financial stability, and aiding market predictions of policy actions, an increasing body of theoretical research cautions that excessive transparency may adversely affect social welfare.

This book addresses a significant gap in the existing literature: not only what central banks should disclose, but also how they should convey their information. The central challenge lies in identifying the optimal level of transparency—excessive transparency can provoke market overreactions, while insufficient transparency may hinder informed decision-making. Should central banks restrict the dissemination of certain information, reduce its specificity, or adopt a strategy of selective disclosure? By examining various models of partial transparency, this work expands theoretical frameworks within a strategic context, exploring the relationship between central banks and the private sector. The book contends that, given the pervasive influence of media and the information age, a strategy of selective information sharing is more practical and effective than simply limiting the volume or detail of data released.

The book provides valuable insights for policymakers, researchers, and economists, enhancing the understanding of how transparency influences market behavior and economic stability. Through a combination of empirical research and theoretical modeling, the book challenges conventional beliefs and offers a new perspective on the tangled relationship between information sharing and monetary policy.

Biography

Author(s):  Emna Trabelsi is an assistant professor at the University of Sousse, Tunisia. She has published articles in the fields of economics and finance in many recognized journals.

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