Baeriswyl, Romain; Cornand, Camille - In: Journal of the European Economic Association 12 (2014) 4, pp. 1087-1126
Financial markets are known for overreacting to public information. Central banks can reduce this overreaction either by disclosing information to only a fraction of market participants (partial publicity) or by disclosing information to all participants but with ambiguity (partial...
