strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We �nd …

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R …&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically … value of their R&D activities and as a result reduce the information deficits that block the availability of external …

matching model with no commitment and no enforcement. An intrinsically worthless but perfectly durable object called a ‘note …

information flow. When idiosyncratic conditions are more variable or more important than aggregate conditions, firms pay more …

We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

information flow. When idiosyncratic conditions are more variable or more important than aggregate conditions, firms pay more …

agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever … before are available due to new technologies, and yet we are able to digest little of it. Which form of imperfect information …

strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We find …