We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever … before are available due to new technologies, and yet we are able to digest little of it. Which form of imperfect information …

a partial identification approach to this problem that makes use of information limiting the extent to which …

-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful … feedback. We explore this scope for signaling using Taobao's "reward-for-feedback" mechanism and find that items with rewards …