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We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...
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We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...
Persistent link: https://www.econbiz.de/10011419080
Persistent link: https://www.econbiz.de/10012991307
We examine whether the publication of the individual voting records of central-bank council members is socially beneficial when the public is unsure about the efficiency of central bankers and central bankers are angling for re-appointment. We show that publication is initially harmful since it...
Persistent link: https://www.econbiz.de/10014149119
We propose a signaling model in which the central bank and firms receive information on cost-push shocks independently from each other. If the firms’ signals are rather unlikely to be informative, central banks should remain silent about their own private signals. If, however, firms are...
Persistent link: https://www.econbiz.de/10008746680