WebThe theoretical argument that accounting disclosure can reduce information uncertainty and cost of capital is appealing, but the overall empir- ical evidence is mixed.7My evidence that the effects of information uncertainty on future returns following good and bad news offset each other in unsigned analysis might explain why previous studies … Web•Welfare loss by more precise public information due to coordination Morris and Shin 2002, Hellwig 2005, Angeletos and Pavan 2007, Paciello and Wiederholt 2013, Angeletos et al. 2016 •Welfare loss by more precise public information due to externalities in the information structure Morris and Shin 2005, Amador and Weill 2010
DP13977 Can more public information raise uncertainty?
WebComment on “Can more public information raise uncertainty? The international evidence on forward guidance” by Michael Ehrmann, Gaetano Gaballo, Peter Hoffmann and Georg Strasser Author & abstract Download 11 References 2 Citations Most related Related works & more Corrections Author Listed: Campbell, Jeffrey R. Registered: Jeffrey R. Campbell Webfrom market signals and show that the release of more precise public information about future rates can perversely increase uncertainty and the sensitivity of bond prices to … graph of inversely proportional
Can More Public Information Raise Uncertainty? The …
WebCan more public information raise uncertainty? The international evidence on forward guidance Michael Ehrmann European Central Bank Gaetano Gaballoy Banque de … Web"Can more public information raise uncertainty? The international evidence on forward guidance ," Working Paper Series 2263, European Central Bank. Jeffrey R. Campbell & … WebApr 15, 2024 · Using a model where agents learn from market signals, we show that the release of more precise public information about future rates lowers the informativeness of market signals and, as a consequence, may increase uncertainty and amplify the reaction of expectations to macroeconomic news. chisinau kiev flight