Global information spillovers
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. Altho...
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Banco Central de Chile
2019
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oai-20.500.12580-38602021-04-24T11:13:40Z Global information spillovers Chousakos, Kyriakos Gorton, Gary Ordoñez, Guillermo PRECIOS MACROECONOMÍA 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. 2019-11-01T00:08:12Z 2019-11-01T00:08:12Z 2018 Artículo 978-956-7421-58-9 https://hdl.handle.net/20.500.12580/3860 eng Series on Central Banking Analysis and Economic Policies no. 25 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 137-181 application/pdf Banco Central de Chile |
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Banco Mundial |
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Banco Mundial |
| language |
eng |
| topic |
PRECIOS MACROECONOMÍA |
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PRECIOS MACROECONOMÍA Chousakos, Kyriakos Gorton, Gary Ordoñez, Guillermo Global information spillovers |
| 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. |
| format |
Artículo |
| author |
Chousakos, Kyriakos Gorton, Gary Ordoñez, Guillermo |
| author_facet |
Chousakos, Kyriakos Gorton, Gary Ordoñez, Guillermo |
| author_sort |
Chousakos, Kyriakos |
| title |
Global information spillovers |
| title_short |
Global information spillovers |
| title_full |
Global information spillovers |
| title_fullStr |
Global information spillovers |
| title_full_unstemmed |
Global information spillovers |
| title_sort |
global information spillovers |
| publisher |
Banco Central de Chile |
| publishDate |
2019 |
| url |
https://hdl.handle.net/20.500.12580/3860 |
| work_keys_str_mv |
AT chousakoskyriakos globalinformationspillovers AT gortongary globalinformationspillovers AT ordonezguillermo globalinformationspillovers |
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