Exogenous Information, Endogenous Information, and Optimal Monetary Policy

DOI10.1093/restud/rdt024zbMath1405.91459OpenAlexW2163269552MaRDI QIDQ4610646

Mirko Wiederholt, Luigi Paciello

Publication date: 23 January 2019

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/0c48d15f60114a5b84755cb3d823a3af5e43674c

zbMATH Keywords

optimal monetary policyinformation frictionsrational inattentiondispersed information

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

Multi-layered rational inattention and time-varying volatility ⋮ Moderating noise-driven macroeconomic fluctuations under dispersed information ⋮ Rigid pricing and rationally inattentive consumer ⋮ Elasticity of attention and optimal monetary policy ⋮ Learning over the business cycle: policy implications ⋮ Monetary policy for rationally inattentive economies with staggered price setting ⋮ Dynamic rational inattention: analytical results ⋮ A note on rational inattention and rate distortion theory

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