Should central banks remain silent about their private information on cost-push shocks?
نویسندگان
چکیده
منابع مشابه
Should central banks remain silent about their private information on cost-push shocks?
We propose a signalling model in which the central bank and firms receive information on cost-push shocks independently of each other. If the firms are rather unlikely to receive information directly, the central bank should remain silent about its own private information. If, however, firms are sufficiently likely to be informed,. it is socially desirable for the central bank to reveal its own...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2011
ISSN: 1464-3812,0030-7653
DOI: 10.1093/oep/gpr056