Social Value of Public Information
By Stephen Morris, Hyun Song Shin. 2002
2,101 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Safety Research, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/2aec9f0fce66b1727e8f24e59b0b7174506e6553
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Marcel Fratzscher
- Xavier Vives
- Itay Goldstein
- Hyun Song Shin
- Michael Ehrmann
- George-Marios Angeletos
- C. Walsh
- Stephen Morris
In Safety Research
- P. Geraats
- George-Marios Angeletos
- Xavier Vives
- Sylvester C. W. Eijffinger
- Alessandro Pavan
- Alex Cukierman
- Itay Goldstein
- Marcel Fratzscher
In Sociology and Political Science
- P. Geraats
- George-Marios Angeletos
- Xavier Vives
- Sylvester C. W. Eijffinger
- Alessandro Pavan
- Alex Cukierman
- Itay Goldstein
- Marcel Fratzscher
Citations in the corpus
- Central Bank Transparency and the Signal Value of Prices (2006, background): “Allen, Morris and Shin (2002) derive asset pricing formulas of the form pt = Et Et+1 Et+h t+h (21) where pt is the price of a nancial asset at t, t+h is the fundamental payo at date t+h, and st is a noise term.”
- Informed and Strategic Order Flow in the Bond Markets (2006, neutral): “Morris and Shin (2002) provide an interesting theoretical explanation for this overreaction to Nonfarm Payroll news.”
- Imperfect Macroeconomic Expectations: Evidence and Theory (2020, background): “Another strand emphasizes the importance of strategic complementarity and higher-order uncertainty in such environments (Morris and Shin, 2002; Woodford, 2003; Nimark, 2008; Angeletos and Lian, 2016, 2018).”
- Was there a British House Price Bubble? Evidence from a Regional Panel (2006, neutral): “Bubbles may occur as a result of agency considerations in the banking sector (Allen and Gale, 2000) or differences between public and private information in games of incomplete information (Morris and Shin, 2002).”
- Communication and Monetary Policy (2002, neutral): “The bias provides a qualitative indication of the perceived risks to the economic outlook, and hence the more likely future course of monetary policy actions.”
- Optimal Sticky Prices Under Rational Inattention (2009, neutral): “Furthermore, the profit-maximizing price (22) is a particular linear combination of aggregate and idiosyncratic conditions.”
- Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, positive): “The analysis builds heavily on Morris and Shin (2002b), Angeletos and Pavan (2007), and Bergemann and Morris (2013), although we adapt and extend the results of those papers in ways that suit our purposes.”