A model of interest rate movements in response to new information on the money stock is developed.The model, which …

tariffs that are strictly below their bound rates. When private information is persistent through time, an enforcement …-optimal tariff, in order to conceal weakness. It also suggests a new information-based theory of gradualism in trade agreements …

This paper explores environments in which either the revelation or diffusion of information, or its incorporation into … methodology and for understanding the process by which stock prices incorporate information. Two environments are highlighted …. First, information is often not revealed in one announcement but rather through a process of gradual public revelation …

Using information on the sales of debt claims for 132 U.S. Chapter 11 bankruptcy cases, we show that large trade … pronounced for more opaque distressed firms, when trade creditors' information advantage is likely largest. This evidence shows … that suppliers that extend significant amounts of trade credit hold private information about their trade partners. Trade …