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Kniha Optimal Economic Transparency Walsh

Optimal Economic Transparency

Autor: Walsh, Carl E (University of California, Santa Cruz)
Jazyk: Angličtina
Vazba: Brožovaná
Vydavatel: Bibliogov
Dostupnost: Skladem u dodavatele
Odesíláme za 9-15 dnů
364 Kč
In this paper, I explore the optimal extent to which the central bank should disseminate information...

Informace o knize

Autor
Walsh, Carl E (University of California, Santa Cruz)
Jazyk
Angličtina
Vazba
Kniha - Brožovaná
Vydáno
2012
Stránek
36
EAN
9781249556800
ISBN
9781249556800
Enbook ID
08139818
Vydavatel
Bibliogov
Hmotnost
82
Rozměry
189 x 246 x 2

Kompletní popis

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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