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Transparency and Monetary Policy with Imperfect Common Knowledge

Transparency and Monetary Policy with Imperfect Common Knowledge »

Source: Transparency and Monetary Policy with Imperfect Common Knowledge

Volume/Issue: 2010/91

Series: IMF Working Papers

Author(s): Mauro Roca

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

ISBN: 9781451982572

Keywords: Social Value of Public Information, price level, inflation, monetary authority, Macroeconomics and Monetary Economics: General, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)

Is it desirable that central banks be more transparent in the communication of sensible information when agents have diverse private information? In practice, there exists some consensus about the benefits of actin...

Transparency and Monetary Policy with Imperfect Common Knowledge

Transparency and Monetary Policy with Imperfect Common Knowledge »

Volume/Issue: 2010/91

Series: IMF Working Papers

Author(s): Mauro Roca

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781451982572.001

ISBN: 9781451982572

Keywords: Social Value of Public Information, price level, inflation, monetary authority, Macroeconomics and Monetary Economics: General, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)

Is it desirable that central banks be more transparent in the communication of sensible information when agents have diverse private information? In practice, there exists some consensus about the benefits of actin...