on average for about half of the total price adjustment. These results imply that some traders have private information … information leakage and superior forecasting based on proprietary data collection and reprocessing of public information …

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

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 …

setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for … and Spain) and the periods 1980-2007 and 1991-2007. It exploits available quarterly information not yet used in the … (signalling effect). There is strong evidence of public wages’ leadership, either in conjunction with bi-directional links from …

indicators can be a good predictor of household consumption even after controlling for information in economic fundamentals …

, which confirms that credit aggregates contain information about the monetary stance. The effect of asset price shocks on …