Such democratic accountability is even more important for central bankers, because the voting populace does not directly elect them. In short, transparency is a quid pro quo for independence. Clarity about policy decisions also can enhance monetary policy’s economic effectiveness.
- 14 multiple days to process, so if an employer seeks to ensure that an employee receives their pay on the last day of a pay period, the employer usually has to release the funds a few days in advance. With hourly employees, it can be hard to know how much pay is owed until the hours are actually worked.