Cycles, Gaps, and the Social Value of Information
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What are the welfare effects of the information contained in macroeconomic statistics, central-bank communications, or news in the media? We address this question in a business-cycle framework that nests the neoclassical core of modern DSGE models. Earlier lessons that were based on "beauty contests
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美国国家经济研究局创建时间：
2011-07-01
