We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

reliability and the absence of exchange of information, as well as insufficient quality and availability of managerial personnel …

the Wicksell Connections have always dissented, arguing that how agents gather information and apply it to the co …

A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but … attending relatively better schools, tend to process new information on their own ability more effectively. …

provision of structured information on the true state of the academic market and information through role models on non …

information about the location-specific pandemic trends from the effects of the government-imposed social distancing mandates …, retail and recreational activities, etc), while information on country-specific counts of COVID-19 cases and deaths is used … as a proxy for the information about the spread of the pandemic available to the population. A detailed index of …