• Alvarez, F. and Jermann, U.J. (2000). ‘Efficiency, equilibrium, and asset pricing with risk of default’, Econometrica, vol. 68(4), pp. 77598.
  • Angeletos, G.-M. and Pavan, A. (2007). ‘Efficient use of information and social value of information’, Econometrica, vol. 75(4), pp. 110342.
  • Arnott, R. and Stiglitz, J.E. (1988). ‘Randomization with asymmetric information’, RAND Journal of Economics, vol. 19(3), pp. 34462.
  • Bernanke, B. S. (2010). ‘Central bank independence, transparency, and accountability’, Speech, Institute for Monetary and Economic Studies International Conference, Bank of Japan.
  • Bils, M. and Klenow, P.J. (2004). ‘Some evidence on the importance of sticky prices’, Journal of Political Economy, vol. 112(5), pp. 94785.
  • Blanchard, O.J. and Kiyotaki, N. (1987). ‘Monopolistic competition and the effects of aggregate demand’, American Economic Review, vol. 77(4), pp. 64766.
  • Blinder, A.S., Ehrmann, M., Fratzscher, M., Haan, J. D. and Jansen, D.-J. (2008). ‘Central bank communication and monetary policy: a survey of theory and evidence’, Journal of Economic Literature, vol. 46(4), pp. 91045.
  • Blundell, R., Pistaferri, L. and Preston, I. (2008). ‘Consumption inequality and partial insurance’, American Economic Review, vol. 98(5), pp. 1887921.
  • Campbell, J.Y. (2003). ‘Consumption-based asset pricing’, in (G. M. Constantinides, M. Harris and R. M. Stulz eds.) Handbook of the Economics of Finance, vol. 1, pp. 80387, Amsterdam: Elsevier.
  • Clower, R.W. (1967). ‘A reconsideration of the microfoundations of monetary theory’, Western Economic Journal, vol. 6(1), pp. 18.
  • Coate, S. and Ravallion, M. (1993). ‘Reciprocity without commitment: characterization and performance of informal insurance arrangements’, Journal of Development Economics, vol. 40(1), pp. 124.
  • Dixit, A.K. and Stiglitz, J.E. (1977). ‘Monopolistic competition and optimum product diversity’, American Economic Review, vol. 67(3), pp. 297308.
  • Gottschalk, P. M. and Moffitt, R. A. (2002). ‘Trends in the transitory variance of earnings in the United States’, Economic Journal, vol. 112(478), pp. C6873.
  • Hirshleifer, J. (1971). ‘The private and social value of information and the reward to inventive activity’, American Economic Review, vol. 61(4), pp. 56174.
  • Kimball, M.S. (1988). ‘Farmers’ cooperatives as behavior toward risk’, American Economic Review, vol. 78(1), pp. 22432.
  • Kocherlakota, N. (1996a). ‘The equity premium: it's still a puzzle’, Journal of Economic Literature, vol. 34(1), pp. 4271.
  • Kocherlakota, N. (1996b). ‘Implications of efficient risk sharing without commitment’, Review of Economic Studies, vol. 63(4), pp. 595609.
  • Krueger, D., Lustig, H. and Perri, F. (2008). ‘Evaluating asset pricing models with limited commitment using household consumption data’, Journal of the European Economic Association, vol. 6(2–3), pp. 71526.
  • Krueger, D. and Perri, F. (2006). ‘Does income inequality lead to consumption inequality? Evidence and theory’, Review of Economic Studies, vol. 73(1), pp. 16393.
    Direct Link:
  • Krueger, D. and Perri, F. (2011). ‘Public versus private risk sharing’, Journal of Economic Theory, vol. 146(3), pp. 92056.
  • Ligon, E., Thomas, J.P. and Worrall, T. (2002). ‘Informal insurance arrangements with limited commitment: theory and evidence from village economies’, Review of Economic Studies, vol. 69(1), pp. 20944.
    Direct Link:
  • Lucas, R. E.(1980). ‘Equilibrium in a pure currency economy’, Economic Inquiry, vol. 18(2), pp. 20320.
  • Lucas, R. E. (2003). ‘Macroeconomic priorities’, American Economic Review, vol. 93(1), pp. 114.
  • Mehra, R. and Prescott, E.C. (1985). ‘The equity premium: a puzzle’, Journal of Monetary Economics, vol. 15(2), pp. 14561.
  • Morris, S. and Shin, H.S. (2002). ‘Social value of public information’, American Economic Review, vol. 92(5), pp. 152134.
  • Plosser, C.I. (2012). ‘Transparency and monetary policy’, Speech, University of California Santa Barbara Economic Forecast Project.
  • Polemarchakis, H. M. and Weiss, L. (1977). ‘On the desirability of a “totally random” monetary policy’, Journal of Economic Theory, vol. 15(2), pp. 34550.
  • Schlee, E.E. (2001). ‘The value of information in efficient risk-sharing arrangements’, American Economic Review, vol. 91(3), pp. 50924.
  • Svensson, L.E.O. (2006). ‘Social value of public information: Morris and Shin (2002) is actually pro transparency, not con’, American Economic Review, vol. 96(1), pp. 44851.
  • Woodford, M. (2003). Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton, NJ: Princeton University Press.
  • Woodford, M. (2005). ‘Central-bank communication and policy effectiveness’, in The Greenspan Era: Lessons for the Future, Jackson Hole, WY: FRB Kansas City Symposium.