Limited information capacity as a source of inertia

DOI10.1016/J.JEDC.2003.08.002zbMath1201.91157OpenAlexW2151634366MaRDI QIDQ953698

Giuseppe Moscarini

Publication date: 6 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2003.08.002

zbMATH Keywords

inertiaprice stickinessinformation capacitytime-dependent rules

Mathematics Subject Classification ID

Inference from stochastic processes and prediction (62M20) Decision theory (91B06) Economic time series analysis (91B84) Information theory (general) (94A15) Statistical aspects of information-theoretic topics (62B10)

Related Items (5)

Optimal ownership of entrepreneurial firms with rational inattention ⋮ Rational status quo ⋮ Information acquisition and learning from prices over the business cycle ⋮ The price of flexibility: towards a theory of thinking aversion ⋮ Effects of common factors on dynamics of stocks traded by investors with limited information capacity

Cites Work

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• A Mathematical Theory of Communication
• Inflation and Costs of Price Adjustment
• Real-Time Decentralized Information Processing as a Model of Organizations with Boundedly Rational Agents
• The Optimal Level of Experimentation
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• The Law of Large Demand for Information

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