Information and Propagation

in both a simple analytic model, where news shocks overcome the ``dynamic inconsistencies" documented in Estrella and Fuhrer (2002), and in a model that incorporates many of the real rigidities common to DSGE models. The paper calls for more thoughtful modeling of how information about technology flows into the economy.

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Year of publication:	2009
Authors:	Leeper, Eric M.
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2009 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2009 SED Meeting Papers Number 845
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080278