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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 455
- Klassifikation
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Central Banks and Their Policies
- Thema
-
Asymmetric information
central banks
public information
transparency
Dynamische Wirtschaftstheorie
Makroökonomik
Asymmetrische Information
Zentralbank
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pearlman, Joseph G.
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pearlman, Joseph G.
- European Central Bank (ECB)
Entstanden
- 2005
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