... transparency, and Norges Bank (the central bank of Norway) and Sveriges Riksbank (the central bank of Sweden) may now be in the vanguard Arguably, the European Central Bank (ECB) has been more transparent ... European Central Bank Working Paper Series 54 ECB Working Paper Series No 898 May 2008 Abstract Over the last two decades, communication has become an increasingly important aspect of monetary policy ... PA P E R S E R I E S N O / M AY 20 CENTRAL BANK COMMUNICATION AND MONETARY POLICY A SURVEY OF THEORY AND EVIDENCE by Alan S Blinder 2, Michael Ehrmann 3, Marcel Fratzscher 3, Jakob De Haan and...