Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10003432086
Persistent link: https://www.econbiz.de/10003390600
This paper develops an adaptive learning formulation of an extension to the Ball, Mankiw, and Reis (2005) sticky information model that incorporates endogenous inattention. We show that, following an exogenous increase in the policymaker's preferences for price vs. output stability, the learning...
Persistent link: https://www.econbiz.de/10014223413