Endogenous Information, Menu Costs and Inflation Persistence

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Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation (2013, background): “…2005), the nature of pricing rigidities, such as Calvo (1983) vs. Taylor (1982) or state-dependent price setting (Dotsey, King and Wolman 2003, Gorodnichenko 2008), expectations of future outcomes vs. past expectations of current conditions (Mankiw and Reis 2002), or rule-of-thumb firms (Gali…”
Imperfect Information and Aggregate Supply (2010, unknown): “ Gorodnichenko (2008) examines a state‐dependent 42 The once‐a‐year adjustment matches the survey responses in Blinder, Canetti, Lebow and Rudd (1998), …”
What Can Survey Forecasts Tell Us about Information Rigidities? (2012, background): “Gorodnichenko (2008) shows a similar result in the context of economies with state-dependent pricing for which it is particularly hard to generate persistent and humpshaped responses of inflation to nominal shocks.”
Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts (2012, unknown): “But if a large shock occurs which is visible to economic agents, this would induce a state-dependent response and synchronized updating of information as in the state-dependent model of Gorodnichenko (2008) or Woodford (2009).”