Optimal Economic Transparency - Softcover

Walsh, Carl E

Softcover

ISBN 10: 1249556805 ISBN 13: 9781249556800

Verlag: Bibliogov, 2012

Inhaltsangabe

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.

Details zur Ausgabe

• Verlag: Bibliogov
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 1249556805
• ISBN 13: 9781249556800
• Einband: Taschenbuch
• Anzahl der Seiten: 36
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar