the industry they operate in. We find that firm level information appears to be used as a gauge for transition risk, in …

. Uncertainty, in contrast, increases the response. We rationalize our findings in a model of imperfect information. In the model …

exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …

are based on oil price information. For this purpose, a real options model on the oil field development decision is …

uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … information not only reduces professional forecasters' disagreement (i.e., the cross-sectional dispersion of their average point … bank information acts as a "coordination device" able to influence opinions and actions. Most importantly, it generates a …

, is more prevalent among industries relying more on information technology systems, correlates with several …

facts as an information friction, whereby agents are uncertain about a new state of the economy following a financial …