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Könyv Optimal Economic Transparency Walsh

Optimal Economic Transparency

Szerző: Walsh, Carl E (University of California, Santa Cruz)
Nyelv: Angol
Kötés: Puha kötésű
Kiadó: Bibliogov
Elérhetőség: Beszállítói készleten
Küldés 14-21 napon belül
6 207 Ft
In this paper, I explore the optimal extent to which the central bank should disseminate information...

Információk a könyvről

Szerző
Walsh, Carl E (University of California, Santa Cruz)
Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
2012
oldal
36
EAN
9781249556800
ISBN
9781249556800
Enbook ID
08139818
Kiadó
Bibliogov
Súly
82
Méretek
189 x 246 x 2

Teljes leírás

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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