It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …

desirable. We show that opacity may lead to the same equilibrium as transparency. However, additional equilibria may emerge … and its effects on inflation and output. In this case, transparency has ambiguous effects. It reduces output variance and … the distortions stemming from heterogeneous information. However, transparency generally raises the variance of inflation …

partial transparency policy. We show that a partial publicity policy is more effective in improving social welfare than a … partial transparency policy. We also show that the highest level of social welfare can be achieved using only a partial …

' unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …

complements, for which case it has been argued that too much transparency might induce agents to neglect their private knowledge …. -- transparency ; private information ; common knowledge …

public instead of denying access to public information. -- transparency ; private information ; common knowledge …