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Browsing Scholarly Works by Subject "Economic stabilization"
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(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 ...
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(University of Oregon, Dept. of Economics, 2002-07-25)We extend common factor analysis to a multi-dimensional setting by considering a bivariate reduced form consistent with many Real Business Cycle type models. We show how to obtain new representations of sunspots and find ...
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(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 ...
Now showing items 1-3 of 3