Multiple Policymakers and the Social Value of Public Information

Número: 
670
Publicado: 
Clasificación JEL: 
D82, D83, E52, E61, E62
Palabras clave: 
Macroeconomic Policy, Asymmetric Information, Policy Coordination

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