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 inf...

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Главный автор: Roca, Mauro
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2010.
Серии:IMF Working Papers; Working Paper ; No. 2010/091
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Online-ссылка:Full text available on IMF