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-Fund strong complementarities, we show that strategic communication is indeed the primary source of loss for the two institutions … beneficial effect is reduced by factors preventing full communication, such as the degree of Bank-Fund competition and the …
Persistent link: https://www.econbiz.de/10010936520
central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …
Persistent link: https://www.econbiz.de/10005013956
The combination of special interest politics (agency problems) and informational asymmetries presents serious problems as the implementation of conditionality is concerned. In this paper we focus on the role that the transmission of information between the IMF and the borrowing government has...
Persistent link: https://www.econbiz.de/10005256353
in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the …
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We focus on the role that the transmission of information between a multilateral (e.g., the IMF) and a country has for optimal (conditional) reform design. The main result is that the informational advantage of the country must be strictly greater than the advantage of the multilateral in order...
Persistent link: https://www.econbiz.de/10004982766