This paper argues that assuming a common information set shared by the public and the central bank may be inappropriate … when one is concerned with the value of information itself. Specifically, we argue that it may lead one to draw the … optimal discretionary monetary policy, where we allow for partial and diverse information. The model is used to show that …

Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal … the Nielsen Homescan panel with different combinations of information about the severity of the pandemic, recent actions …

Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal … the Nielsen Homescan panel with different combinations of information about the severity of the pandemic, recent actions …

Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal … the Nielsen Homescan panel with different combinations of information about the severity of the pandemic, recent actions …