show that communication outside of ECB regular monetary policy meeting days has a significant effect on daily movements in … policy decision. Our results suggest that communication outside of regular meeting days contain a monetary policy signal and …, thus, highlight the importance of this communication when studying the effects of monetary policy …

higher payoffs in the game when the talk is one-way as the truthful reports facilitate desired coordination …

talk is one-way as the truthful reports facilitate desired coordination. …

This paper proposes a new communication protocol in coordination games with binary actions and Pareto-ranked equilibria … the payoff-dominant action in the second period if and only if everyone else waited. That is, efficient coordination is … introduction of the delay option significantly promotes efficient coordination …

aggregate action in the presence of coordination motives. I consider situations in which every agent would like to take an … sentiments in the sense that their beliefs about the state can be biased in opposite directions. Before the coordination game is … population can jointly make a more efficient decision, especially when the coordination motive is strong but little is known …

experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a …