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This paper analyses in a simple global games framework welfare effects stemming from different communication strategies of public agencies if strategies of agents are complementary to each other: communication can either be fully transparent, or the agency opaquely publishes only its overall...
Persistent link: https://www.econbiz.de/10010269906
complements, for which case it has been argued that too much transparency might induce agents to neglect their private knowledge. …
Persistent link: https://www.econbiz.de/10010269917
complements, for which case it has been argued that too much transparency might induce agents to neglect their private knowledge. …
Persistent link: https://www.econbiz.de/10005426808
This paper analyses in a simple global games framework welfare effects stemming from different communication strategies of public agencies if strategies of agents are complementary to each other: communication can either be fully transparent, or the agency opaquely publishes only its overall...
Persistent link: https://www.econbiz.de/10005046451
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …
Persistent link: https://www.econbiz.de/10011526649
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …
Persistent link: https://www.econbiz.de/10011496184
signaling incentives under opacity. Our model may also explain the recent trend towards more transparency in monetary policy. …
Persistent link: https://www.econbiz.de/10008746680
explore whether central bank cheap talk, policy transparency, both cheap talk and policy transparency or economic transparency …
Persistent link: https://www.econbiz.de/10011572114
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …
Persistent link: https://www.econbiz.de/10010860044
In earlier theoretical framework, Morris and Shin (2002) highlight the potential dangers of transparency policy. In …
Persistent link: https://www.econbiz.de/10008694017