Beaudry, Paul; Portier, Franck - C.E.P.R. Discussion Papers - 2013
which changes in agents' information, due to the arrival of news, can cause business cycle fluctuations driven by … fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by … literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we …