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In many countries there is a considerable gender gap in enrolment for a bachelor’s degree in Economics, arguably an …
Persistent link: https://www.econbiz.de/10010948840
This paper is a survey of the literature on theoretical models of the household, paying particular attention to some of the earlier contributions, and using them to place the current state of the theory in perspective. One of its aims is to suggest that the literature’s neglect of...
Persistent link: https://www.econbiz.de/10005249452
intermediary, parameters of the information structure (precisions of public and private information), and the level of stress …
Persistent link: https://www.econbiz.de/10009144883
There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper … provides an overview of the ways in which central banks have been providing more information about their monetary policymaking …. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is …
Persistent link: https://www.econbiz.de/10010737509
restricting the rules deemed admissible. We instead limit the information available about rules. Each player can only observe …
Persistent link: https://www.econbiz.de/10011086457
This paper studies the social value of public information in environments without common knowledge of data …
Persistent link: https://www.econbiz.de/10010583887
The paper examines the optimal combination of central bank independence and conservatism in the presence of uncertain central bank preferences. We develop a model of endogenous monetary policy delegation in which government chooses the central bank's degree of inde-pendence and conservatism so...
Persistent link: https://www.econbiz.de/10008833933
. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic …
Persistent link: https://www.econbiz.de/10010877697
transparency about economic information may not be beneficial in the absence of central bank independence. The reason is that it …Central bank independence and transparency have become best practice in monetary policy. This paper cautions that …
Persistent link: https://www.econbiz.de/10005765657
fundamental state. Some studies argue that it might be better to withhold public information because its potential to serve as a … focal point induces agents to exaggerate the importance of public announcements. This paper shows that public information …
Persistent link: https://www.econbiz.de/10005765918