Multiple policymakers and the social value of public information

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Borradores de Economía; No. 670
Date published
2011-09-18
Date of last update
2011-09-18
Author
Prada-Sarmiento, Juan David
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
In most economies, macroeconomic policy is conducted by two or more independent authorities. In general, each policymaker has a different piece of information about the state of the economy, and this information is different from the one held by the priva
JEL Codes
E61 - Policy Objectives; Policy Designs and Consistency; Policy CoordinationD82 - Asymmetric and Private Information; Mechanism DesignD83 - Search; Learning; Information and Knowledge; Communication; Belief; UnawarenessE52 - Monetary PolicyE62 - Fiscal Policy
Keywords
Macroeconomic policy ; Asymmetric information ; Policy coordination ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5687
https://hdl.handle.net/20.500.12134/5687
https://doi.org/10.32468/be.670
https://ideas.repec.org/p/bdr/borrec/670.html
https://ideas.repec.org/p/col/000094/008981.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit