Selloffs, bailouts, and feedback: can asset markets inform policy?

DOI10.1016/J.JET.2017.02.009MaRDI QIDQ2397638zbMATH OpenOpenAlexFDO

Authors Raphael Boleslavsky, David L. Kelly, Curtis R. Taylor

Publication date 23 May 2017

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2017.02.009

zbMATH Keywords

market microstructurestrategic tradecorrective intervention

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) 2-person games (91A05) Economics of information (91B44)

Recommendations

• Government interventions in a dynamic market with adverse selection
• Government intervention through informed trading in financial markets
• Trading dynamics with adverse selection and search: market freeze, intervention and recovery
• Comments on: ``Government intervention through informed trading in financial markets
• The informational content of prices when policy makers react to financial markets

Cites work

• An information inequality for agency problems
• Comparing location experiments
• Continuous Auctions and Insider Trading
• Information-based trade
• Learning and complementarities in speculative attacks
• Reputation in the long-run with imperfect monitoring
• Should we regulate financial information?
• The predominant role of signal precision in experimental beauty contests
• What kind of central bank competence?

Cited in

(7)

• Government interventions in a dynamic market with adverse selection
• The informational content of prices when policy makers react to financial markets
• Aggregation and design of information in asset markets with adverse selection
• Comments on: ``Government intervention through informed trading in financial markets
• Government intervention through informed trading in financial markets
• The impact of asset purchases in an experimental market with consumption smoothing motives
• Trading dynamics with adverse selection and search: market freeze, intervention and recovery

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