Optimal Economic Transparency - Tapa blanda

Walsh, Carl E.

 
9781249556800: Optimal Economic Transparency
Tapa blanda
ISBN 10: 1249556805 ISBN 13: 9781249556800
Editorial: BiblioGov, 2012

Sinopsis

In this paper, I explore the optimal extent to which the central bank should disseminate information among private agents. Individual firms are assumed to have diverse private information, and the central bank provides public information either implicitly, by setting its policy instrument, or explicitly, by making announcements about its short-run targets. The optimal degree of economic transparency is affected differently by cost and demand shocks. More-accurate central bank forecasts of demand shocks reduce optimal transparency, while more-accurate forecasts of cost shocks increase optimal transparency. Increased persistence in demand (cost) disturbances increases (reduces) optimal transparency.

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

In this paper, I explore the optimal extent to which the central bank should disseminate information among private agents. Individual firms are assumed to have diverse private information, and the central bank provides public information either implicitly, by setting its policy instrument, or explicitly, by making announcements about its short-run targets. The optimal degree of economic transparency is affected differently by cost and demand shocks. More-accurate central bank forecasts of demand shocks reduce optimal transparency, while more-accurate forecasts of cost shocks increase optimal transparency. Increased persistence in demand (cost) disturbances increases (reduces) optimal transparency.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
BiblioGov
Año de publicación
2012
Idioma
Inglés
ISBN 10 
1249556805
ISBN 13 
9781249556800
Encuadernación
Tapa blanda
Número de páginas
36
Contacto del fabricante
no disponible
Persona responsable
no disponible

Otras ediciones populares con el mismo título

9781296046026: Optimal Economic Transparency - Scholar's Choice Edition

Edición Destacada

ISBN 10:  1296046028 ISBN 13:  9781296046026
Editorial: Scholar's Choice, 2015
Tapa blanda