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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. …
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, that we label {\it unverifiable communication}. Employees are able to collude with external parties selling ``knowledge … communication costs are the key strategic variables used by the firm to induce frictions in collusive markets. Unverifiable … communication introduces severe allocative distortions, both at internal product development and at intended sale of information …
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Monetary policy in the euro area is conducted within a multi-country, multi-cultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...
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influencing such heterogeneity as Fed communication is found to affect forecast accuracy significantly. …
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