Business Cycle Dynamics Under Rational Inattention

By Bartosz Mackowiak, Mirko Wiederholt. 2015

186 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/9a31df3ccf6d1622173eac22627b0ce15c4ef4fc

Citations in the corpus

• What can survey forecasts tell us about informational rigidities (2008, unknown): “8 Applying Sims’ approach to price-setting decisions, Paciello (2007) and Mackowiak and Wiederholt (2009) show that under rational inattention, firms will pay more attention to technology shocks than monetary policy shocks because the former are more volatile and have greater effect on profits.”
• A Behavioral New Keynesian Model (2020, unknown): “27Mankiw and Weinzierl (2011) have a form of the representative agent with a partial rule of thumb behavior.”
• Rationally Inattentive Seller: Sales and Discrete Pricing (2016, unknown): “This is one of the differences from the model in Maćkowiak and Wiederholt (2009), where the disjoint structure of signals implies that the price-setters never misinterpret the sources of the shocks, only their magnitude.”
• Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, unknown): “…to many of the recent applications of rational inattention, including Luo (2008), Matejka (2015a, 2015b), and Matejka et al. (2015); but not to those that let rational inattention be, in effect, a specific micro-foundation of strategic uncertainty, such as Maćkowiak and Wiederholt (2009, 2015).”
• Exogenous Information, Endogenous Information and Optimal Monetary Policy (2014, unknown): “subject to equations (16)-(17) and in every period t ≥ 0”
• Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model (2015, unknown): “(2012) and Manzini and Mariotti (2012) model imperfect attention using a consideration set approach.”
• Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts (2012, unknown): “Likewise, Mankiw and Reis (2002) argue that the observed delayed response of inflation to monetary policy shocks is not readily matched by New Keynesian models without the addition of informational rigidities or the counterfactual assumption of price indexation.”
• How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior? (2020, unknown): “Macroeconomic models of imperfect information therefore predict that households are typically uninformed about news that is relevant for the macroeconomic outlook (Maćkowiak & Wiederholt, 2015; Reis, 2006; Sims, 2003).”