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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 …
Persistent link: https://www.econbiz.de/10009391827
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 …
Persistent link: https://www.econbiz.de/10010556244
Persistent link: https://www.econbiz.de/10011431364
in the experiment, making strategic complementarities and overreaction an issue of second order. …
Persistent link: https://www.econbiz.de/10011161040
environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …
Persistent link: https://www.econbiz.de/10010366530
environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …
Persistent link: https://www.econbiz.de/10010334031
' unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …
Persistent link: https://www.econbiz.de/10010311978
. Whereas agents have a coordination motive to take the same position, at the social level effective market coordination per se …
Persistent link: https://www.econbiz.de/10010261100
' unease when disseminating news to the markets and argues against the recent trend of demanding full transparency both for …
Persistent link: https://www.econbiz.de/10010958606
. Whereas agents have a coordination motive to take the same position, at the social level effective market coordination per se …
Persistent link: https://www.econbiz.de/10005765918