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Monetary Policy, Endogenous Inattention, and the Volatility Trade-Off
Branch, William; Carlson, John B.; Evans, George W.; … - 2007
This paper addresses the output-price volatility puzzle by studying the interaction of optimal monetary policy and agents' beliefs. We assume that agents choose their information acquisition rate by minimizing a loss function that depends on expected forecast errors and information costs....
Persistent link: https://www.econbiz.de/10014223070
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Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy
Branch, William; Carlson, John B.; Evans, George W.; … - 2007
This paper develops an adaptive learning formulation of an extension to the Ball, Mankiw, and Reis (2005) sticky …'s preferences for price vs. output stability, the learning process can converge to a new equilibrium in which both output and price …
Persistent link: https://www.econbiz.de/10014223413
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Anticipated fiscal policy and adaptive learning
Evans, George W.; Honkapohja, Seppo; Mitra, Kaushik - 2007
Persistent link: https://www.econbiz.de/10003459643
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Bayesian model averaging, learning and model selection
Evans, George W.; Honkapohja, Seppo; Sargent, Thomas J.; … - 2012
Persistent link: https://www.econbiz.de/10009526647
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Monetary policy, expectations and commitment
Evans, George W. - 2002
Persistent link: https://www.econbiz.de/10013424022
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Policy interaction, learning and the fiscal theory of prices
Evans, George W. - 2002
Persistent link: https://www.econbiz.de/10013424135
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Policy interaction, expectation and the liquidity trap
Evans, George W. - 2003
Persistent link: https://www.econbiz.de/10013424313
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Adaptive learning and monetary policy design
Evans, George W. - 2003
Persistent link: https://www.econbiz.de/10013424321