Implications of More Precise Information for Technological Development and Welfare /
This paper analyzes the dynamic interactions between the precision of information, technological development, and welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous effects on technological progress and welfare, which depend...
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| Materyal Türü: | Dergi |
| Dil: | English |
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Washington, D.C. :
International Monetary Fund,
2007.
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| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 2007/095 |
| Online Erişim: | Full text available on IMF |