Research on the Measurement of Transparency of Monetary Policy

Recently, to increase the transparency of monetary policy has become a trend globally. From the measurement of transparency of monetary policy perspective, this paper introduces the study abroad on evaluation system of transparency of monetary policy, and its evaluation and empirical results. It also puts forward some brief opinions about the transparency index. Learning from the experiences of developed countries, China should establish is own evaluation system of transparency of monetary policy, quantify the level of transparency of its policy, and take it as a benchmark to improve its transparency.