The informational content of prices when policy makers react to financial markets

DOI10.1016/J.JET.2018.11.002zbMath1419.91302OpenAlexW3121289568WikidataQ128913639 ScholiaQ128913639MaRDI QIDQ1757545

Christoph Siemroth

Publication date: 15 January 2019

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://repository.essex.ac.uk/23464/1/impossibility-noise09-finalformatting.pdf

zbMATH Keywords

asymmetric informationfinancial marketsrational expectations equilibriumprice informativenesscentral bank transparencypolicy risk

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• The Fed's monetary policy rule and U.S. Inflation: The case of asymmetric preferences
• On the aggregation of information in competitive markets
• The exact law of large numbers via Fubini extension and characterization of insurable risks
• Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
• On Existence and Uniqueness of Equilibrium in a Class of Noisy Rational Expectations Models: Figure 1
• Manipulation and the Allocational Role of Prices

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