Global information spillovers

dc.contributor.author	Chousakos, Kyriakos
dc.contributor.author	Gorton, Gary
dc.contributor.author	Ordoñez, Guillermo
dc.date.accessioned	2019-11-01T00:08:12Z
dc.date.available	2019-11-01T00:08:12Z
dc.date.issued	2018
dc.description	The amount of information produced in an economy varies over time. Stock prices in particular are informative but their degree of informativeness changes over time. Agents do not produce the same amount of information in every macroeconomic state of the world or in anticipation of every state. Although a baseline level of information is always produced spending additional resources on information production is not always beneficial. In fact it is so only when the expected benefits exceed the costs. In particular more information is produced when distinguishing between firms is more important.
dc.file.name	BCCh-sbc-v25-p137_181
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 137-181
dc.identifier.isbn	978-956-7421-58-9
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3860
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking Analysis and Economic Policies no. 25
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	PRECIOS	es_ES
dc.subject	MACROECONOMÍA	es_ES
dc.title	Global information spillovers
dc.type.doc	Artículo

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