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We study the effects of monetary announcements when agents face Knightian uncertainty about the commitment capacity of the monetary authority. Households are ambiguity averse and differentially exposed to inflation due to differences in wealth. In response to the announcement of a future monetary loosening, only wealthy households (creditors) act as if the announcement will be fully implemented, due to the potential wealth losses from future inflation. As a result the economy responds as if aggregate net wealth falls, which attenuates the effects of the announcement. Redistributing from super-wealthy to middle-wealthy households makes the announcement more expansionary, in the extreme as expansionary as under a fully credible announcement. [ABSTRACT FROM AUTHOR]

The present edition of Theo-Web documents an English-language symposium on the topic "Exploring and Engaging Ambiguity in Religious Education" at the last ISREV conference in Gothenburg. The thematic section discusses the significance of ambiguity in religious education and notes that many topics in religious instruction can challenge previous certainties. The edition also includes six contributions in the field of research and discourse that have successfully undergone the double-blind review process. In addition, reviews, a conference review, and conference announcements are presented. The edition was supervised by Karlo Meyer and supported by various contributors. [Extracted from the article]