In an overlapping generations maximization framework with consumers, whose information on uncertain future income …

information (data collection and processing) and communication (relationships and distribution). Both follow historic trends … towards an increased use of hard information and less inperson interaction, which are accelerating rapidly. We point to more …

models containing news shocks. This paper shows how to formally evaluate the information content of observed variables with …

hyperlinks between countries – as a novel proxy for cross-border information flows and cultural proximity more generally. Our … than for debt investment, highlighting the larger information sensitivity of equity investments, and is largest for …-used proxies for information asymmetries and cultural proximity. …

strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We �nd …

We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

by the flow of information related to current and future price developments. To that end, we follow three routes: i) We … propose different measures of information flow that have either a sender or a receiver perspective; ii) We present empirical … allowing the individual updating frequency to depend on the observed measure of information flow; since the updating frequency …