Baeriswyl, Romain; Cornand, Camille - Groupe d'Analyse et de Théorie Économique Lyon … - 2011
reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game …Financial markets are known for overreacting to public information. Central banks can reduce this overreaction either … all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are …