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informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can … dominate, in that public releases increase uncertainty about fundamentals. In some cases, public releases can create or …
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informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can … dominate, in that public releases increase uncertainty about fundamentals. In some cases, public releases can create or …
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