Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
By N. Mankiw, Ricardo Reis, Bennett Mccallum, Kenneth S. Rogoff, Julio J. Rotemberg, Michael. 2002
2,633 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/aaf0dcb816a47ad82905f1bcd55716b441cd8983
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Y. Gorodnichenko
- Xavier Gabaix
- Olivier Coibion
- George-Marios Angeletos
- Guido Lorenzoni
- Nicholas Barberis
- A. Shleifer
- Chen Lian
Citations in the corpus
- Overreaction in Macroeconomic Expectations (2018, positive): “…predictions, such as over-reaction to longer lags, which we show more closely describe the data.3 Overconfidence, in the sense of overestimating the precision of private news, also implies an exaggerated reaction to private signals (Daniel, Hirshleifer, and Subrahmanyam 1998, Moore and Healy 2008).”
- Endogenous Information, Menu Costs and Inflation Persistence (2008, positive): “Previous studies of price setting under imperfect information (e.g., Lucas 1972, Mankiw and Reis 2002, Bonomo and Carvalho 2004, Reis 2006, Alvarez et al. 2010) typically assume flexible prices and timedependent updating of information.”
- Heterogeneity, learning and information stickiness in inflation expectations (2010, background): “Mankiw and Reis (2002) suggests that agents update information more frequently when in ation matters.”
- Price Setting during Low and High Inflation: Evidence from Mexico (2007, neutral): “[38] Mankiw, Gregory and Ricardo Reis.”
- Do borrowers know their mortgage terms? (2008, neutral): “We consider this framework to be a loose interpretation of the “rational inattention” model formalized by Sims (2003), Mankiw and Reis (2002), and Reis (2006).”
- Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework (2003, methodology): “In their original model, Mankiw and Reis (2002) guessed that the solution for e.”
- Predictable Behavior, Profits, and Attention (2007, neutral): “See also Lynch (1996), Mankiw and Reis (2002), Sims (2003), Gabaix et al. (2003), and Corwin and Coughenour (2005).”