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information about the multiplier. We discuss potential reasons for the deviation between theory and experimental data. …
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Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi-sender, multi-receiver cheap talk game in which players choose with whom to communicate. We show that segregation into small, homogeneous groups can improve everybody’s...
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We explore the consequences of losing confidence in the price-stability objective of central banks by quantifying the …
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