Consumption Dynamics under Information Processing Constraints

By Yulei Luo. 2006

187 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/d580937e9b37d0016cb97fc70beb46dc4a68a136

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Citations in the corpus

Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, unknown): “…eyes of the agents inside the model: both the fundamentals 16The same applies 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…”
Business Cycle Dynamics Under Rational Inattention (2015, unknown): “The views expressed in this paper are solely those of the authors and do not necessarily reflect the views of the European Central Bank.”
Optimal Sticky Prices Under Rational Inattention (2009, unknown): “For comparison, the solution to the price setting problem of firm i in period t under perfect information is pfit = pt + π̂13 |π̂11| + π̂14 |π̂11| (20) (18)We assume that equation (16) has a unique solution.”
A Theory of Demand Shocks (2009, background): “5See also Fabrice Collard and Harris Dellas (2004), Giuseppe Moscarini (2004), Christian Hellwig (2005), Klaus Adam (2006), Philippe Bacchetta and Eric Van Wincoop (2006), Yulei Luo (2006), Bartosz Maćkowiak and Mirko Wiederholt (2006), Reis (2006), Laura Veldkamp and Stijn Van Nieuwerburgh (2006),”
Rationally Inattentive Seller: Sales and Discrete Pricing (2016, methodology): “This approach is typical for other important contributions in the literature on rational inattention, including studies of the consumption-savings problem (Luo, 2008) or portfolio choices (Van Nieuwerburgh and Veldkamp, 2010; Mondria, 2010).”
Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information (2009, background): “(51) Substituting the values of ψs, ψx, ψx and φx thus obtained in (22), (23), (28), I obtain values for κp, κd and κp.”
A Model of the Consumption Response to Fiscal Stimulus Payments (2011, methodology): “To match the evidence on anticipated income shocks, models based on information processing costs have been proposed (e.g., Reis, 2006; Luo, 2008).”