Now showing items 1-2 of 2

    • Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy 

      Branch, William A.; Evans, George W., 1949-; Carlson, John; McGough, Bruce (University of Oregon, Dept of Economics, 2006-06-22)
      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 ...
    • Monetary Policy, Endogenous Inattention, and the Volatility Trade-off 

      Branch, William A.; Carlson, John; Evans, George W., 1949-; McGough, Bruce (University of Oregon, Dept of Economics, 2004-12-07)
      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 ...