Similar Search Results

Transparency in Monetary Policy, Signaling, and Heterogeneous Information

Hahn, Volker - 2010

In this paper we examine whether publishing the information underlying the central bank's decisions is socially desirable. We show that opacity may lead to the same equilibrium as transparency. However, additional equilibria may emerge under opacity with adverse consequences for welfare....

Persistent link: https://www.econbiz.de/10013147417

Monetary policy with uncertain central bank preferences

Sibert, Anne C. - 2001

Persistent link: https://www.econbiz.de/10013423675

Information acquisition and credibility in cheap talk

Hidir, Sinem - 2017

Persistent link: https://www.econbiz.de/10012814201

First impressions matter : signalling as a source of policy dynamics

Hansen, Stephen; McMahon, Michael - 2013

Persistent link: https://www.econbiz.de/10010188698

First impressions matter : signalling as a source of policy dynamics

Hansen, Stephen; McMahon, Michael - 2011

Persistent link: https://www.econbiz.de/10009724389

First impressions matter : signalling as a source of policy dynamics

Hansen, Stephen; McMahon, Michael - 2012

data. The motivation for signalling is consistent with wanting to control inflation expectations, but not career concerns …-motivated reputation building may be important for explaining dynamics in experts' policy choices. -- signalling ; learning ; monetary …

Persistent link: https://www.econbiz.de/10009518217