Slacalek, Jirka; Fritsche, Ulrich; Dovern, Jonas; … - Deutsche Bundesbank - 2005
This paper investigates the relevance of the sticky information model of Mankiw and Reis (2002) and Carroll (2003) for … expectation models, households in the sticky information environment update their expectations sporadically rather than … instantaneously owing to the costs of acquiring and processing information. We estimate two alternative parametrizations of the sticky …