Macroeconomics Commons^™

Essays On Private Information And Monetary Policy, Zijian Wang

Electronic Thesis and Dissertation Repository

In our economy, many interactions between individuals involve one party possessing more or better information than the other party (i.e., private information). For example, in asset markets, sellers often have better knowledge about the quality of the assets than buyers. Private information also exists when governments collect taxes, because taxpayers typically have more information about their income compared to the government. In my thesis, I explore the implications of private information in three novel contexts.

In Chapter 2, I study the implications of tax evasion for the design of central bank digital currency, which is an emerging payment instrument. I …