Information rigidities and the news-adjusted output gap

DOI10.1016/J.JEDC.2016.06.004MaRDI QIDQ1656360zbMATH OpenOpenAlexFDO

Authors Anthony Garratt, Kalvinder Shields, Kevin Lee

Publication date 10 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://wrap.warwick.ac.uk/79817/7/WRAP-information-rigidities-news-output-gap-Garratt-2016.pdf

zbMATH Keywords

information rigiditiesoutput gapsurvey-based expectations

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic time series analysis (91B84)

Recommendations

• Decomposing the output gap with inflation learning
• Whats news in news? A cautionary note on using a variance decomposition to assess the quantitative importance of news shocks
• On the dynamic implications of news shocks
• The value of news for economic developments
• Information, persistence, and real business cycles

Cites work

• Co-Integration and Error Correction: Representation, Estimation, and Testing
• Handbook of economic forecasting. Volume 1
• Macroeconomic Expectations of Households and Professional Forecasters
• Optimal monetary policy with uncertain fundamentals and dispersed information
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve

Cited in

(3)

• Identifying the source of information rigidities in the expectations formation process
• Nowcasting the output gap with shadow rates
• Tracking trend output using expectations data

This page was built for publication: Information rigidities and the news-adjusted output gap

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1656360)