Central Bank Transparency and the Signal Value of Prices
By Stephen Morris, Hyun Song Shin. 2006
193 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/7e9fc3dd57d22b7e60ce6e80c5d76d6820f73289
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
- Alessandro Pavan
- Philip Bond
- Itay Goldstein
- Gianluca Femminis
- Luca Colombo
- P. Geraats
- Xavier Vives
- Guido Lorenzoni
In Finance
- Itay Goldstein
- Philip Bond
- Alessandro Pavan
- P. Geraats
- Alex Edmans
- Xavier Vives
- Marcel Fratzscher
- Michael Ehrmann
Citations in the corpus
- Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information (2009, unknown): “To prove that this quantity is negative notice that ∂φs ∂μa > βs + ηγ−1δs 1 + ηγ−1 > δs, where the last inequality follows from βs > δs, which follows immediately from (30) and (31).”
- Trends in Monetary Policy Transparency (2009, unknown): “The stronger reliance 7 on public communications also reduces the informativeness of market signals (Morris and Shin 2005).”
- Learning from Prices: Public Communication and Welfare (2010, unknown): “The cornerstone of our analysis is a learning externality that has been studied before in the work of Vives (1993), Morris and Shin (2005), and Amato and Shin (2006).”
- Transparency of Monetary Policy: Theory and Practice (2006, background): “The increased focus on public communications due to a coordination motive also reduces the informativeness of market signals ( Shin and Morris 2005 ).”
- Market-Based Corrective Actions (2010, background): “Morris and Shin (2005) argue that transparency by the central bank may be detrimental, as it reduces the ability of the central bank to learn from the market. use the information in the reaction of the market to decide whether to cancel the acquisition.”
- Policy with Dispersed Information (2007, unknown): “In fact, it is then and only then the unique solution to ( 20 ) coincides with the strategy obtained in”
- Information Acquisition and Welfare (2014, background): “…documents the crowding-out effects of more precise exogenous public information on the endogenous public information aggregated by prices and other public statistics (e.g., Vives (1993), Morris and Shin (2005), Amato and Shin (2006) and, more recently, Amador and Weill (2010), and Vives (2011)).”