How do financial markets price new information? This paper analyzes price setting at the intersection of private and … public information, by testing whether and how the reaction of financial markets to public signals depends on the relative … importance of private information in agents’ information sets at a given point in time. It studies the reaction of UK short …

signals, we show that the release of more precise public information about future rates lowers the informativeness of market …. However, when the increase in precision of public information is sufficiently large, uncertainty is unambiguously reduced. …

How do financial markets acquire information about upcoming monetary policy decisions, beyond their reaction to central … bank signals? This paper hypothesises that sharing information among investors can improve expectations, especially in the …

Leaks of confidential information emanating from public institutions have been the focus of a long-standing line of …

perceived by markets to contain relevant information, and they underline the importance of differentiating between communication …