Transparency and Monetary Policy with Imperfect Common Knowledge

Transparency and Monetary Policy with Imperfect Common Knowledge
Is it desirable that central banks be more transparent in the communication of sensible information when agents have diverse private information? In practice, there exists some consensus about the benefits of acting in this way. However, other studies warn that increasing the precision of public information may raise the volatility of some... READ MORE...

Publication date: April 2010
ISBN 9781451982572
$18.00

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