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Kniha Optimal Economic Transparency Walsh

Optimal Economic Transparency

Autor: Walsh, Carl E (University of California, Santa Cruz)
Jazyk: Angličtina
Väzba: Brožovaná
Vydavateľ: Bibliogov
Dostupnosť: Skladom u dodávateľa
Odosielame za 9-15 dní
15.00 €
In this paper, I explore the optimal extent to which the central bank should disseminate information...

Informácie o knihe

Autor
Walsh, Carl E (University of California, Santa Cruz)
Jazyk
Angličtina
Väzba
Kniha - Brožovaná
Vydalo
2012
Stránok
36
EAN
9781249556800
ISBN
9781249556800
Enbook ID
08139818
Vydavateľ
Bibliogov
Hmotnosť
82
Rozmery
189 x 246 x 2

Kompletný popis

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.

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