In an overlapping generations maximization framework with consumers, whose information on uncertain future income …

strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky Information Model. We �nd …

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 …

hyperlinks between countries – as a novel proxy for cross-border information flows and cultural proximity more generally. Our … than for debt investment, highlighting the larger information sensitivity of equity investments, and is largest for …-used proxies for information asymmetries and cultural proximity. …

models containing news shocks. This paper shows how to formally evaluate the information content of observed variables with …

information (data collection and processing) and communication (relationships and distribution). Both follow historic trends … towards an increased use of hard information and less inperson interaction, which are accelerating rapidly. We point to more …

's use of mass communication media to obtain information about the ECB. We employ a unique representative public opinion … of knowing about monetary policy, but to take the gender-specific differences into account in doing so. …