This paper asks how a third-party intermediary (an "algorithm") that observes market demand or costs superior to competing firms should optimally disclose that information to maximize the firms' …
This paper asks how an agent who fears that none of their probabilistic models is the correct description of the data-generating process (DGP) should update that fear as evidence accumulates, and what …
Online FirstJournal of Money, Credit and BankingOnline 17 Feb 2026
Dennis and Kirsanova ask whether shocks to labor-market matching efficiency and worker bargaining power pose a significant problem for monetary policy, and whether the inability to commit (discretion …