Книга Optimal Economic Transparency Walsh

Optimal Economic Transparency

Език: Английски език
Корици: С меки корици
Издател: Bibliogov
Наличност: Външен склад
Изпращаме след 9-15 дни
15.82 30.94 лв
In this paper, I explore the optimal extent to which the central bank should disseminate information...

Информация за книгата

Език
Английски език
Корици
Книга - С меки корици
Издадена
2012
страници
36
EAN
9781249556800
ISBN
9781249556800
Enbook ID
08139818
Издател
Теглоt
82
Размери
189 x 246 x 2

Пълно описание

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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