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Central bank reputation, cheap talk and transparency as substitutes for commitment : experimental evidence

Duffy, John; Heinemann, Frank - 2016 - This Draft: 2 December 2016

We implement a repeated version of the Barro-Gordon monetary policy game in the laboratory and ask whether reputation serves as a substitute for commitment, enabling the central bank to achieve the efficient Ramsey equilibrium and avoid the inefficient, time-inconsistent one-shot Nash...

Persistent link: https://www.econbiz.de/10011572114

Central Bank Communication and Trust : An Experimental Study on the European Central Bank and the General Public

Mochhoury, Sarah - 2023

While it has become clear that communication is a monetary policy tool for central banks, and extensive research has … been conducted on central bank communication with financial markets, little is known so far on central bank communication … European Central Bank (ECB) and on understanding of its communication about the Pandemic Emergency Purchase Programme, which …

Persistent link: https://www.econbiz.de/10014354162

How avoiding overreaction to public information? : some insights on central bank communication practices

Trabelsi, Emna - 2012

bank should disclose or not its information, but how the central bank should disclose it. We consider a static coordination …

Persistent link: https://www.econbiz.de/10011526649

Limited higher order beliefs and the welfare effects of public information

Cornand, Camille; Heinemann, Frank - 2013

In games with strategic complementarities, public information about the state of the world has a larger impact on equilibrium actions than private information of the same precision, because the former is more informative about the likely behavior of others. This may lead to welfare-reducing...

Persistent link: https://www.econbiz.de/10009787097

Public communication and information acquisition

Chahrour, Ryan - In: American economic journal : a journal of the American … 6 (2014) 3, pp. 73-101

Persistent link: https://www.econbiz.de/10010400131

Public communication and information acquisition

Chahrour, Ryan - 2012

Persistent link: https://www.econbiz.de/10009575446

Three essays in macroeconomics

Chahrour, Ryan - 2012

Persistent link: https://www.econbiz.de/10011816962

Adversarial Coordination and Public Information Design

Inostroza, Nicolás; Pavan, Alessandro - 2023

We study flexible public information design in global games. In addition to receiving public information from the designer, agents are endowed with exogenous private information and must decide whether or not to “attack” a status-quo. The designer does not trust the agents to play favourably...

Persistent link: https://www.econbiz.de/10014349319

Policy announcement design

Cieślak, Anna; Malamud, Semyon; Schrimpf, Andreas - 2020 - This version: December 15, 2019

finite number of ``clusters” and to communicate to the public to which cluster the state belongs. Optimal communication is …

Persistent link: https://www.econbiz.de/10012181571

Conversations

Köster, Mats; Voss, Paul - 2023

We develop a theory of conversations. Two agents with different interests take turns choosing the topic of the conversation. Talking about a single topic allows them to delve deeper, making the conversation more informative (or enjoyable). To capture this dynamic, we assume that the marginal...

Persistent link: https://www.econbiz.de/10013543005