Speech
Transparent communications: The journey continues, National Economists Club, Washington, D.C., April 12, 2012
Plosser, Charles I. (2012-04-12)
Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia> National Economists Club, Washington, D.C., April 12, 2012
Speech , Paper 67

Working Paper
Transparency and monetary policy: what does the academic literature tell policymakers?
Carpenter, Seth B. (2004)
Transparency in monetary policy has become a popular topic over the past decade. However, the majority of the economic research is theoretical, calling into question its value as a practical guide to monetary policy. This paper surveys the literature to assess what conclusions a central bank can draw from the academic study of transparency and how beneficial transparency may be.
Finance and Economics Discussion Series , Paper 2004-35

Working Paper
Federal Reserve transparency and financial market forecasts of short-term interest rates
Swanson, Eric T. (2004)
The 1990s and early 2000s witnessed an unprecedented increase in central bank transparency around the world, yet there has been little empirical work that convincingly demonstrates any economic benefits of increased central bank transparency. This paper shows that, since the late 1980s, U.S, financial markets and private sector forecasters have become: 1) better able to forecast the federal funds rate at horizons out to several months, 2) less surprised by Federal Reserve announcements, 3) more certain of their interest rate forecasts ex ante, as measured by interest rate options, and 4) less ...
Finance and Economics Discussion Series , Paper 2004-06

Speech
Prospects for the U.S. economy
Yellen, Janet L. (2005)
Presentation to the University of California at Berkeley Boalt School Alumni, San Francisco, March 2, 2005
Speech , Paper 6