Information inequality makes voters vulnerable to manipulation
This vulnerability makes some large news organisations particularly powerful around the world, write Andrea Prat and Patrick Kennedy.
The media industry is unique in its ability to spread information that may influence the democratic process. There is ample evidence that news coverage influences voting and policy-making, and this issue has become even more prominent after the controversy over the role […]
Greater transparency at the Fed has led to better informed, though sterile, internal debate and discussion.
Greater transparency at the Fed has led to better informed, though sterile, internal debate and discussion.
If central banks publish the transcripts of their internal policy debates, will discussions be enhanced or inhibited? Stephen Hansen, Michael McMahon and Andrea Prat use tools from computational linguistics to analyze the positive and negative effects of transparency on deliberations of the monetary policymakers at the US Federal Reserve.
The world’s major central banks display significant differences in transparency. The European Central Bank […]