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The Economist:
More data, less gumption

24 July 2014

THE Federal Reserve is ''the most transparent central bank to my knowledge in the world,'' claims its chairwoman, Janet Yellen. Transparency is a commonly prescribed remedy for all manner of governmental failings. But is it always beneficial?
Article cites Centre for Economic Performance Discussion Paper No.1276 (June 2014) by Michael McMahon and co-authors.

The article was published in The Economist on July 24, 2014
Link to article here

Related publications
'Transparency and Deliberation within the FOMC: A Computational Linguistics Approach', Stephen Hansen, Michael McMahon and Andrea Prat, Centre for Economic Performance Discussion Paper No.1276, June 2014

Related links
Michael McMahon webpage
Macro Programme webpage

Read more... The Economist