Information-Constrained State-Dependent Pricing

By Michael Woodford. 2008

367 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f3aeb0c742a74d3f27d214c945a5c5327f877b99

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In Economics and Econometrics

Citations in the corpus

The Politics of Attention (2018, neutral): “setting policies or not. Rational inattention Early development of the literature on rational inattention (hereinafter, RI) pioneered by Sims (1998), Sims (2003), Mackowiak and Wiederholt (2009) and Woodford (2009) sought to explain the stickiness of macroeconomic variables by entropic information c”
SELECTIVE ATTENTION AND LEARNING (2014, background): “…presenting the model and results in full (Section 6), where such literature includes models of rational inattention (e.g., Sims 2003; Gabaix 2013; Woodford 2009), bandit problems and self-confirming equilibrium (e.g., Gittins 1979; Fudenberg and Levine 1993), coarse thinking (e.g., Jehiel 2005;…”
Lumpy Price Adjustments: A Microeconometric Analysis (2011, neutral): “…(2006), a third group of models has recently emerged that explain price stickiness by the costs of information acquisition and/or by the noise that can affect the information collected by firms about their environment (e.g., see Eichenbaum and Fisher 2007; Klenow and Willis 2007; Woodford 2009).”
Inattentive Valuation and Reference-Dependent Choice ∗ (2012, methodology): “…experiment of Shaw and Shaw, the state x (the objective properties of the stimulus on a given trial) has two dimensions, the location i at which the stimulus appears, and the letter j that appears, and under the prior these 8This is the version of the theory used, for example, in Woodford (2009).”
Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts (2012, neutral): “But if a large shock occurs which is visible to economic agents, this would induce a state-dependent response and synchronized updating of information as in the state-dependent model of Gorodnichenko (2008) or Woodford (2009).”
Endogenous Information, Menu Costs and Inflation Persistence (2008, neutral): “20 Interestingly, Woodford (2003) can generate delayed, hump-shaped response of inflation in an”
Inattentive professional forecasters (2013, neutral): “The VAR(p) model can be rewritten in the usual more compact firstorder VAR companion form Zt = FZt−1 + ηt, 21This approach shares some features with the price-setting model of Woodford (2009).”
Business Cycle Dynamics Under Rational Inattention (2015, neutral): “This paper is related to the literature on rational inattention (e.g. Sims (2003, 2006), Luo (2008), Máckowiak and Wiederholt (2009), Van Nieuwerburgh and Veldkamp (2009), and Woodford (2009)).”
Exogenous Information, Endogenous Information and Optimal Monetary Policy (2014, background): “See, for example, Sims (2003, 2006, 2011), Luo (2008), Máckowiak and Wiederholt (2009, 2013), Van Nieuwerburgh and Veldkamp (2009, 2010), Woodford (2009), Mondria (2010), Matejka (2011), and Paciello (2012).”