Add to ORKGA recent strand of literature (see Morris and Shin 2001) shows that multiple equilibria in models of markets for pegged currencies vanish if there is slightly diverse information between traders. It is known that this approach works only if there is not too precise common knowledge in the market. This has led to the conclusion that central banks should try to avoi
We examine the welfare implications of two types of central-bank transparency: the publication of th...
Should central banks increase their degree of transparency any further? We show that there is likely...
The first generation models of currency crises have often been criticized because they predict that,...
This paper extends the work by Morris and Shin (Am. Econom. Rev. 88 (1998) 587-597) where multiple e...
Central banks worldwide have become considerably more communicative about their policies and forecas...
We present three different views of imperfect transparency in monetary policy: political transparenc...
We present three different models of imperfect transparency in monetary policy: political transparen...
We use a spatial competition based model in a two-stage game setup to assess whether equilibrium in ...
In this dissertation, I theoretically investigate how the actions of central banks affect the inform...
The first generation models of currency crises have often been criticized because they predict that,...
Central banks have become increasingly communicative. An important reason is that democratic societi...
It is widely believed that monetary policy outcomes are generally enhanced if the conduct of policy ...
We present updated estimates of central bank for 100 countries up through 2006 and use them to analy...
An important change in central bank practices has occurred over the past decade: the adoption of gre...
We study economies with multiple assets that are valued both for their return and liquidity. Exchang...
We examine the welfare implications of two types of central-bank transparency: the publication of th...
Should central banks increase their degree of transparency any further? We show that there is likely...
The first generation models of currency crises have often been criticized because they predict that,...
This paper extends the work by Morris and Shin (Am. Econom. Rev. 88 (1998) 587-597) where multiple e...
Central banks worldwide have become considerably more communicative about their policies and forecas...
We present three different views of imperfect transparency in monetary policy: political transparenc...
We present three different models of imperfect transparency in monetary policy: political transparen...
We use a spatial competition based model in a two-stage game setup to assess whether equilibrium in ...
In this dissertation, I theoretically investigate how the actions of central banks affect the inform...
The first generation models of currency crises have often been criticized because they predict that,...
Central banks have become increasingly communicative. An important reason is that democratic societi...
It is widely believed that monetary policy outcomes are generally enhanced if the conduct of policy ...
We present updated estimates of central bank for 100 countries up through 2006 and use them to analy...
An important change in central bank practices has occurred over the past decade: the adoption of gre...
We study economies with multiple assets that are valued both for their return and liquidity. Exchang...
We examine the welfare implications of two types of central-bank transparency: the publication of th...
Should central banks increase their degree of transparency any further? We show that there is likely...
The first generation models of currency crises have often been criticized because they predict that,...