Limited information capacity as a source of inertia

By Giuseppe Moscarini. 2004

164 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/f2a5bd34f8d3a68d9106dd88bd28b894b5a8edd6

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

1. Guido Lorenzoni
2. Yulei Luo
3. Mathias Trabandt
4. Klaus Adam
5. Anton Korinek
6. Cars H. Hommes
7. Mirko Wiederholt
8. Greg Kaplan

In Management Science and Operations Research

1. Mathias Trabandt
2. Klaus Adam
3. Yulei Luo
4. Guido Lorenzoni

Citations in the corpus

• Consumer sentiment, the economy, and the news media (2004, unknown): “An explanation for the importance of measuring how the media transmits stories about the information stems from information theory, as initially developed by Shannon (1948) and extended by Sims (2003) and Moscarini (2004).”
• Consumption Dynamics under Information Processing Constraints (2006, background): “(2003), and Adam (2005) analyzed the effects of imperfect common knowledge on monetary policy and inflation dynamics; Moscarini (2004) derived optimal time-dependent adjustment rules from information constraints; Luo and Young (2006) examined the effects of RI on the amplification and propagation…”
• Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information (2009, background): “(γ + η)ψ0 = −(κp + κp + ηκd), (32) (γ + η)ψa = (1 + η)ρ, (33) rt = γκc − (φa + γψa) (1− ρ) at−1, (34)”
• Optimal Monetary Policy with Imperfect Common Knowledge (2003, background): “See Cover and Thomas (1991) for a textbook treatment and Sims (2003) and Moscarini (2004) for applications in macroeconomics.”
• Knowing What Others Know: Coordination Motives in Information Acquisition (2007, unknown): “More specifically, Olivei and Tenreyro (2007) document that monetary policy has stronger and faster effects in the beginning of the year and argue that this is because of synchronization in wage adjustments.”
• Optimal Sticky Prices Under Rational Inattention (2009, unknown): “where the last equality follows from equation (21).”
• 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),”
• Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework (2003, methodology): “7 as in Pencavel (1986) respectively a low inverse Frisch elasticity of φ = 0.47 as used e.g. in Reis (2006) affects the dynamics of inflation in my models. Or baseline value of θ = 6 implies a steady state markup of 20 percent which represents an upper bound in the literature. Alternatively, I set ”