Angeletos, George-Marios; Pavan, Alessandro - In: Journal of the European Economic Association 5 (2007) 2-3, pp. 585-593
In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise importantnormative questions, such as whether the...
