Arbeitspapier
Central bank transparency and private information in a dynamic macroeconomic model
We investigate the role of economic transparency within the framework of one of Townsend’s models of ‘forecasting the forecasts of others’. The equilibrium has the property that ‘higher order beliefs’ are coordinated into a finite-dimensional setup that is amenable to address monetary policy issues. We focus here on the role of public information about the money supply, and find that it should be fully revealing.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECB Working Paper ; No. 455
- Classification
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Central Banks and Their Policies
- Subject
-
Asymmetric information
central banks
public information
transparency
Dynamische Wirtschaftstheorie
Makroökonomik
Asymmetrische Information
Zentralbank
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Pearlman, Joseph G.
- Event
-
Veröffentlichung
- (who)
-
European Central Bank (ECB)
- (where)
-
Frankfurt a. M.
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Pearlman, Joseph G.
- European Central Bank (ECB)
Time of origin
- 2005
Other Objects (12)
Central bank transparency and private information in a dynamic macroeconomic model
Does central bank transparency and communication affect financial and macroeconomic forecasts?
Essays on central bank transparency
Transparency, Flexibility and Macroeconomic Stabilization
Central bank transparency under model uncertainty
Constrained discretion and central bank transparency
Decision rules, transparency and central banks
Constrained discretion and central bank transparency
Decision rules, transparency and central banks
Central Bank Transparency and Cross-border Banking
Central Bank Transparency and Cross-Border Banking
Central bank transparency and nonlinear learning dynamics
Central bank transparency and private information in a dynamic macroeconomic model
Does central bank transparency and communication affect financial and macroeconomic forecasts?
Essays on central bank transparency
Transparency, Flexibility and Macroeconomic Stabilization
Central bank transparency under model uncertainty
Constrained discretion and central bank transparency
Decision rules, transparency and central banks
Constrained discretion and central bank transparency
Decision rules, transparency and central banks
Central Bank Transparency and Cross-border Banking
Central Bank Transparency and Cross-Border Banking
Central bank transparency and nonlinear learning dynamics
Central bank transparency and private information in a dynamic macroeconomic model
Does central bank transparency and communication affect financial and macroeconomic forecasts?
Essays on central bank transparency
Transparency, Flexibility and Macroeconomic Stabilization
Central bank transparency under model uncertainty
Constrained discretion and central bank transparency
Decision rules, transparency and central banks
Constrained discretion and central bank transparency
Decision rules, transparency and central banks
Central Bank Transparency and Cross-border Banking
Central Bank Transparency and Cross-Border Banking