Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information

154 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Imperfect Macroeconomic Expectations: Evidence and Theory (2020, unknown): “…2017; Geanakoplos, 2010; Simsek, 2013); noise- or sentiment-driven fluctuations (e.g., Angeletos and La’O, 2013; Benhabib, Wang, and Wen, 2015; Lorenzoni, 2010); non-rational belief contagion (e.g., Burnside, Eichenbaum, and Rebelo, 2016; Carroll, 2001); robustness and ambiguity (e.g., Ilut…”
Information Acquisition and Welfare (2014, background): “ 2 μ − 2 1(1− )2 ̂2  ¶ +  E[̄] 2  μ − 2 1(1− )2 ̂2  ¶ (28)”
A Theory of Demand Shocks (2009, unknown): “Since the vector z [T ] t is truncated, I set to zero the value of zt−T−1 in z [T ] t−1 and replace (39) with Ξz [T ] t = (I − CF ) AΞMz ] t + CFz ] t ,”