Central bank communication design in a Lucas-Phelps economy

• Main Authors: Myatt, D P, Wallace, C
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: Elsevier 2014
• Subjects: Phelps Island
• Online Access: https://lbsresearch.london.edu/id/eprint/149/; https://www.sciencedirect.com/science/article/pii/S0304393214000154?via%3Dihub

In a Lucas-Phelps island economy, an island has access to many informative signals about demand conditions. Each signal incorporates both public and private information: the correlation of a signal's realizations across the economy determines its publicity. If information sources differ in thei...