In these models, such a commitment would tend to raise inflation expectations and lower long-term nominal rates, thereby inducing households and businesses to spend more today. This approach asks more of forward guidance than just articulating a reaction function.
Liberalised and developed financial markets, certainly, contribute to greater public-awareness and in this regard efforts to promote financial markets also contribute to greater accountability. In the final analysis, accountability is a basic principle of democracy. At a pragmatic level there are two important arguments in favour of autonomy in addition to transparency.