Real Rigidity, Nominal Rigidity, and the Social Value of Information
Does welfare improve when firms are better informed about the state of the economy and can thus better coordinate their production and pricing decisions? We address this question in an elementary business-cycle model that highlights how the dispersion of information can impede both kinds of decision...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2017-05-18T23:11:31Z.
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| Subjects: | |
| Online Access: | Get fulltext |