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 …

The uniqueness of bounded local equilibria under interest rate rules is analyzed in a model with sticky information `a … determinacy in the associated full-information, flex-price equivalent. The analysis follows from boundedness considerations on the …. -- Nonautonomous difference equations ; indeterminacy ; Taylor rule ; sticky information ; sticky prices …

, 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 …

Transparent disclosures of public information might be one natural policy to reduce information inequality among … individuals. We conduct a welfare analysis of such policy by introducing ex-ante heterogeneity in individuals' private information … in a class of economies with dispersed information and externalities. We find that, paradoxically, welfare unambiguously …

The information, including the knowledge in the science, business and society, is being generated, transmitted …, received and analyzed by the humans in the various countries over the centuries. The information is a most valuable asset in … possession by the economic agents in the modern economies of the scales and scopes in the information societies in an information …

This paper examines the information provided to the private sector by centralbanks. By using the principal component …. We investigate problems related to the information coming from thecentral banks by focusing on the quantity and quality …

This paper examines the information provided to the private sector by centralbanks. By using the principal component …. We investigate problems related to the information coming from thecentral banks by focusing on the quantity and quality …