Imperfect common knowledge and the information value of prices

DOI10.1007/s00199-004-0587-0zbMath1123.91037OpenAlexW1976954400MaRDI QIDQ812329

Hyun Song Shin, Jeffery D. Amato

Publication date: 23 January 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-004-0587-0

zbMATH Keywords

Common knowledge.Differential informationPrice inertia

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Information acquisition and learning from prices over the business cycle ⋮ Conformism and public news ⋮ A New Keynesian model with heterogeneous expectations

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