Frank W Heinemann
Biographic Data
| ID | 5805035 |
|---|---|
| NAME | Frank W Heinemann |
| GIVEN NAMES | Frank W |
| FAMILY NAME | Heinemann |
| SIGNATURE | HEINEMANN F W |
| AFFILIATIONS | Technische Universität Berlin |
| ORCID | 0000-0002-9007-8404 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 2 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2008 |
| H-INDEX | 1 |
Optimal Degree of Public Information Dissemination
Financial markets and macroeconomic environments are often characterised by positive externalities. In these environments, transparency may reduce expected welfare: public announcements serve as focal points for higher-order beliefs and affect agents' behaviour more than justified by their informational contents. Some scholars conclude that reducing public signals' precision or entirely withholding information may improve welfare. This article sh…
Wage Indexation and Monetary Policy
This paper analyzes the effect of indexed wage contracts on inflation and social welfare in a Barro-Gordon model with state-contingent monetary policy. Wage indexation reduces the inflation bias but may raise the variance of inflation rates. In social optimum, wages are fully indexed to the price level, but this requires optimal wage adjustments to productivity shocks. If wage adjustments to productivity are suboptimal, the second-best solution c…
Publicité limitée de l'information et sur-réaction aux annonces lors des épisodes spéculatifs
National audience
Optimal Transparency and Risk-Taking to Avoid Currency Crises
This paper reconsiders a central bank's problem of determining rules for information dissemination and risk-taking behavior that minimize the probability of currency crises. In a global-games approach, we find that optimal transparency is adversely related to prior market beliefs. In countries with pessimistic prior beliefs about economic performance, the central bank should commit to disclosing information with maximal precision. In addition, it…
Optimal Degree of Public Information Dissemination
Optimal Degree of Public Information Dissemination
Financial markets and macroeconomic environments are often characterised by positive externalities. In these environments, transparency may reduce expected welfare: public announcements serve as focal points for higher-order beliefs and affect agents' behaviour more than justified by their informational contents. Some scholars conclude that reducing public signals' precision or entirely withholding information may improve welfare. This article sh…
Optimal Degree of Public Information Dissemination
Optimal Transparency and Risk-Taking to Avoid Currency Crises
This paper reconsiders a central bank's problem of determining rules for information dissemination and risk-taking behavior that minimize the probability of currency crises. In a global-games approach, we find that optimal transparency is adversely related to prior market beliefs. In countries with pessimistic prior beliefs about economic performance, the central bank should commit to disclosing information with maximal precision. In addition, it…
Wage Indexation and Monetary Policy
This paper analyzes the effect of indexed wage contracts on inflation and social welfare in a Barro-Gordon model with state-contingent monetary policy. Wage indexation reduces the inflation bias but may raise the variance of inflation rates. In social optimum, wages are fully indexed to the price level, but this requires optimal wage adjustments to productivity shocks. If wage adjustments to productivity are suboptimal, the second-best solution c…
Publicité limitée de l'information et sur-réaction aux annonces lors des épisodes spéculatifs
National audience
Optimal Degree of Public Information Dissemination
Financial markets and macroeconomic environments are often characterised by positive externalities. In these environments, transparency may reduce expected welfare: public announcements serve as focal points for higher-order beliefs and affect agents' behaviour more than justified by their informational contents. Some scholars conclude that reducing public signals' precision or entirely withholding information may improve welfare. This article sh…
Business (3 works) · Computer Science (3 works) · Economics (3 works) · Monetary Policy and Economic Impact (3 works) · Computer security (2 works) · Economic Policies and Impacts (2 works) · Game Theory and Applications (2 works) · Monetary economics (2 works) · Physics (2 works) · Political science (2 works)