Central bank communication design in a Lucas-Phelps economy
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 their pub...
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| Format: | Article in Journal/Newspaper |
| Language: | unknown |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S0304393214000154 |