We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …

We ask whether communication can directly substitute for memory in dynastic repeated games in which short lived … by means of communication. When communication is costless and messages are sent simultaneously, communication mechanisms … or protocols exist that sustain the same set of equilibrium payoffs as in the standard repeated game. When communication …

We ask whether communication can directly substitute for memory in dynastic repeated games in which short lived … by means of communication. When communication is costless and messages are sent simultaneously, communication mechanisms … or protocols exist that sustain the same set of equilibrium payoffs as in the standard repeated game. When communication …

Since its inception, the European Central Bank (ECB) has regarded communication as anintegral part of its monetary …, overall, ECB communication has contributed to the effectiveness of its monetary policy. Our review of the literature shows … reacted to ECB communication. In addition, there is evidence that communication has improved the predictability of interest …

the true state - do not exist. This is so both in the case of private communication, in which each individual only hears … the message of his immediate predecessor, and in the case of public communication, in which a decision maker hears the …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …