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Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her evaluation to the agent if the evaluation turns out to be...
Persistent link: https://www.econbiz.de/10009569527
Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010361447
Persistent link: https://www.econbiz.de/10011293068
influencing such heterogeneity as Fed communication is found to affect forecast accuracy significantly. …
Persistent link: https://www.econbiz.de/10010299141
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide some justifications by sending a costly message. Indeed, it is optimal for the principal to explain her evaluation to the agent if and only if the...
Persistent link: https://www.econbiz.de/10010323871
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … process in the committee. The paper shows that the Federal Reserve has been pursuing a rather individualistic communication …
Persistent link: https://www.econbiz.de/10011604534
financial market volatility after FOMC meetings. Finally, Fed communication may exert an influence on forecast accuracy. …
Persistent link: https://www.econbiz.de/10011604741
that local organisations improve their conditions in terms of education, healthcare, communication/information and …
Persistent link: https://www.econbiz.de/10011625002
The central scope of the evaluation is the Commission’s co-operation strategy with the region of Eastern and Southern Africa and the Indian Ocean (ESA-IO) and its implementation for the period 1996-2007 with the objective of: -providing the European Commission’s relevant external cooperation...
Persistent link: https://www.econbiz.de/10011799422
Kosovo (EUOK) in improving the programming and implementation of information and communication (IC) Programmes funded by … communication actions. MAIN CONCLUSIONS IC programmes have been relevant in view of existing and emerging political priorities … for the enlargement process. However, a strengthening of the strategic approach to information and communication would be …
Persistent link: https://www.econbiz.de/10011799481