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Federal Reserve Bank of Cleveland: 'Costly Information Intermediation: Quality vs. Spillovers'
December 13, 2024
CLEVELAND, Ohio, Dec. 13 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 17-21R2) on December 5, 2024, by Daniel Monte and Roberto B. Pinheiro entitled "Costly Information Intermediation: Quality vs. Spillovers."

Here are excerpts:

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We analyze information intermediaries in large economies with costly information acquisition. Intermediaries face a trade-off between quality and dissemination speed. Both a . . .

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