Transparency Transparency is a precondition for a credible regulatory process. Goals and concepts need to be well-defined. Policy evaluation means being transparent about the goals of regulatory policies and what these policies have actually achieved. Transparency can be accomplished by making information on evaluation studies, data (data confidentiality permitting), and codes available to relevant stakeholders.
In short, this past one year was one marked by the challenge of overcoming deflation. The word deflation might remind you of the price decline associated with rapid contraction of the economy during the Great Depression of the 1930s.