Hautsch, Nikolaus; Hess, Dieter; Müller, Christoph - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
information is perceived to be imprecise, prices react stronger. Moreover, interactions of the different precision signals affect … precision signals affect price
responses nonlinearly. Empirical tests based on intra-day T-bond futures price
reactions to …’ precision.
Keywords: Bayesian learning, information quality, precision signals,
macroeconomic announcements
JEL classification …