Fiscal forward guidance: A case for selective transparency
Tài liệu tham khảo
Amato, 2002, Communication and monetary policy, Oxford Rev. Econ. Policy, 18, 495, 10.1093/oxrep/18.4.495
Angeletos, 2007, Efficient use of information and social value of information, Econometrica, 75, 1103, 10.1111/j.1468-0262.2007.00783.x
Baker, 2016, Measuring economic policy uncertainty, Q. J. Econ., 131, 1593, 10.1093/qje/qjw024
Bassetto, M., forthcoming. Forward guidance: communication, commitment, or both?J. Monet. Econ..
Bi, 2013, Uncertain fiscal consolidations, Econ. J., 0, F31, 10.1111/ecoj.12011
Bloom, 2009, The impact of uncertainty shocks, Econometrica, 77, 623, 10.3982/ECTA6248
Born, 2014, Policy risk and the business cycle, J. Monet. Econ., 68, 68, 10.1016/j.jmoneco.2014.07.012
Brock, 1972, Optimal economic growth and uncertainty: the discounted case, J. Econ. Theory, 4, 479, 10.1016/0022-0531(72)90135-4
Campbell, 2012, Macroeconomic effects of federal reserve forward guidance, Brookings Pap. Econ. Act., 44, 1, 10.1353/eca.2012.0004
D’Acunto, 2016, Unconventional fiscal policy, inflation expectations, and consumption expenditure, Mineo
Eggertsson, 2003, The zero bound on interest rates and optimal monetary policy, Brookings Pap. Econ. Act., 34, 139, 10.1353/eca.2003.0010
Fernandez-Villaverde, 2015, Fiscal volatility shocks and economic activity, Am. Econ. Rev., 105, 3352, 10.1257/aer.20121236
Fujiwara, 2015, Private news and monetary policy
Hansen, 2016, Fiscal reform and government debt in japan: a neoclassical perspective, Rev. Econ. Dyn., 21, 201, 10.1016/j.red.2015.04.001
Hirshleifer, 1971, The private and social value of information and the reward to inventive activity, Am. Econ. Rev., 61, 561
Jehiel, 2015, On transparency in organizations, Rev. Econ. Stud., 82, 736, 10.1093/restud/rdu040
Kamenica, 2011, Bayesian persuasion, Am. Econ. Rev., 101, 2590, 10.1257/aer.101.6.2590
Leeper, 2013, Fiscal foresight and information flows, Econometrica, 81, 1115, 10.3982/ECTA8337
Mertens, 2010, Measuring the impact of fiscal policy in the face of anticipation: A Structural VAR approach, Econ. J., 120, 393, 10.1111/j.1468-0297.2010.02361.x
Mertens, 2011, Understanding the aggregate effects of anticipated and unanticipated tax policy shocks, Rev. Econ. Dyn., 14, 27, 10.1016/j.red.2010.07.004
Mertens, 2012, Empirical evidence on the aggregate effects of anticipated and unanticipated US tax policy shocks, Am. Econ. J., 4, 145
Morris, 2002, Social value of public information, Am. Econ. Rev., 92, 1521, 10.1257/000282802762024610
Ramey, 2011, Identifying government spending shocks: it’s all in the timing, Q. J. Econ., 126, 1, 10.1093/qje/qjq008
Rayo, 2010, Optimal information disclosure, J. Polit. Economy, 118, 949, 10.1086/657922
Romer, 2010, The macroeconomic effects of tax changes: estimates based on a new measure of fiscal shocks, Am. Econ. Rev., 100, 763, 10.1257/aer.100.3.763
Sobel, 1993, Information control in the principal-agent problem, Int. Econ. Rev., 34, 259, 10.2307/2526911
Svensson, 2015, Day one keynote address: forward guidance, Int. J. Central Banking, 11, 19
Woodford, 2003
Yang, 2005, Quantifying tax effects under policy foresight, J. Monet. Econ., 52, 1557, 10.1016/j.jmoneco.2004.09.003