supervision. Central bank communication will constitute a central policy tool for that purpose. The paper asks how such … communication will affect financial markets, exploiting the fact that many central banks have had some financial stability role in … times, but can have a substantially larger effect during periods of financial stress. Moreover, central bank communication …

We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

either embodied (traded intermediates) or disembodied form (direct communication). Knowledge transfer costs interact with the …

at local levels. I show that organizations solve this communication problem by combining performance measures in such a … to evaluate the practical importance of the communication role of measurement systems. …