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We develop and estimate a general equilibrium model to quantitatively assess the effects and welfare implications of central bank transparency. Monetary policy can deviate from active inflation stabilization and agents conduct Bayesian learning about the nature of these deviations. Under...
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age and reputation at death. This result is robust to various specifications and measures of reputation. We present as an …
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experienced a faster growth rate over the course of her career as a result of reputation and visibility. Moreover, authors know …
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We develop a theory of the market for individual reputation, an indicator of regard by one’s peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individual’s most important exposure have an extra effect on …
Persistent link: https://www.econbiz.de/10003925253
experienced afaster growth rate over the course of her career as a result of reputation and visibility.Moreover, authors know that …
Persistent link: https://www.econbiz.de/10011372501
"We propose a basic theoretical model of eBay's reputation mechanism, derive a series of implications and empirically … receives a negative rating for the first time his reputation decreases and so does his effort level. This implies a decline in … more to gain from buying a reputation' by building up a record of favorable feedback through purchases rather than sales …
Persistent link: https://www.econbiz.de/10001991256