This in turn gives appropriate incentives in the conduct of macroeconomic and structural  16  See, for instance, M. Skala, C. Thimann and R. Wölfinger 'The search for Columbus' egg – finding a new formula to determine quotas at the IMF', ECB Occasional Paper, no. 70, August 2007.
17  For recent – more formal – treatment of the role of information and transparency see, e.g., D. Kahneman, “Maps of Bounded Rationality: Psychology for Behavioral Economics”, American Economic Review, 2003, 93 (5), pp. 1449-75 or S. Morris and H.S. Shin, “Social value of public information”, American Economic Review, 2002, 92(5), pp. 1521-1534. BIS Review 138/2007  7  policies.