Optimal Economic Transparency

By C. Walsh. 2012

134 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/01b56ad65f8de69d29140b5275d370184440c357

Citations in the corpus

• Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, unknown): “Contrast condition (35) with condition (31), that is, the condition that pins down the price level in Woodford (2003).80 It then becomes clear that the price level in Lucas’s model depends only on first-order beliefs of the monetary shock (the “fundamental”), whereas in Woodford’s model it also depe”