Estimates of the Sticky-Information Phillips Curve for the United States

By H. Khan, Zhenhua Zhu. 2006

127 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.

Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts (2012, unknown): “…of information rigidity among U.S. professional forecasters and find evidence that accords remarkably well with this intuition: the degree of information rigidity fell consistently throughout the 1970s and early 1980s when macroeconomic volatility was high, reaching a minimum around 1983- 84.”
Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework (2003, methodology): “Recently, Keen (2005) incorporates sticky information with the original Mankiw and Reis (2002) information updates à la Calvo in an alternative DSGE framework compared to the one used this paper.”
A Quantitative Comparison of Sticky-Price and Sticky-Information Models of Price Setting (2006, background): “And the estimated information lag appears reasonable at between one and two quarters (column 3), a bit below the four quarters assumed by Mankiw and Reis (2002) and the estimates presented by Carroll (2003) and Khan and Zhu (2004), all obtained via quite different methods.”