Financial markets are to a very large extent influenced by the advent of information. Such disclosures, however, do not … only contain information about fundamentals underlying the markets, but they also serve as a focal point for the beliefs of … market participants. This dual role of information gains further importance for explaining the development of asset …

validity of the sticky information model (Mankiw and Reis, 2002) for describing the dynamics of professional growth forecasts …. Instead, the empirical evidence is more in line with implications of "noisy" information models (Woodford, 2002; Sims, 2003 …). Second, we find that information rigidities are more pronounced in emerging economies than advanced economies. Third, there …

considered an indicator of either information flow or uncertainty. We show in a stylized model economy that both views suggest … market, volatility reflects information (uncertainty). We introduce a simultaneous time-varying coefficient model, where …

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 …

theoretical model assuming, first, that the amounts given is private information, only known to the donor and the donee, while the … amounts bequeathed is public information. Second, we assume that parents care about the reputation that their bequest behavior …