A rational inattention unemployment trap
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Publication:2246789
DOI10.1016/J.JEDC.2021.104226zbMath1475.91139OpenAlexW3198381282MaRDI QIDQ2246789
Martin Ellison, Alistair Macaulay
Publication date: 16 November 2021
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104226
Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69) Labor markets (91B39)
Cites Work
- Internal rationality, imperfect market knowledge and asset prices
- Attention misallocation, social welfare and policy implications
- Information and inequality
- Coordinating Coordination Failures in Keynesian Models
- Precautionary saving and aggregate demand
- Wealth and Volatility
- Business Cycle Dynamics under Rational Inattention
- Rationally Inattentive Seller: Sales and Discrete Pricing
- Reconciling Hayek’s and Keynes’ Views of Recessions
- Rational Inattention Dynamics: Inertia and Delay in Decision-Making
- Discrete Actions in Information-Constrained Decision Problems
- Coarse Pricing Policies
- INFLATION EXPECTATIONS AND BEHAVIOR: DO SURVEY RESPONDENTS ACT ON THEIR BELIEFS?
- Learning, Mutation, and Long Run Equilibria in Games
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