precision of public information or withholding it. The latter seems to be unrealistic. Thus, the issue is not whether central … bank should disclose or not its information, but how the central bank should disclose it. We consider a static coordination … game in which the private sector receives n semi-public information plus their specific information, and we analyse the …

, if current policy turns outto be too expansionary (contractionary) because of the bank’s information problem …

This paper considers the determination of aggregate price level under dispersed information.A Central Bank sets policy …. Information revealed to theagents and the bank is determined endogenously. It is shown that the aggregate state ofthe economy is … representative agent has perfect informationwhile the Bank has partial information. The Bank’s information set affects fluctuations …

[...]This paper addresses how central banks can resuscitatelending chains by providing information that reduces …

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 …

The uniqueness of bounded local equilibria under interest rate rules is analyzed in a model with sticky information à … determinacy in the associated full-information, flex-price equivalent. The analysis follows from boundedness considerations on the …

In this paper we examine a model where firms decide on the intensity of information acquisition about shocks. We … analyze how the monetary policy framework impacts on the aggregate amount of information collected by firms. We show that it …