Exogenous information, endogenous information, and optimal monetary policy

DOI10.1093/RESTUD/RDT024MaRDI QIDQ4610646zbMATH OpenOpenAlexFDO

Authors Luigi Paciello, Mirko Wiederholt

Publication date 23 January 2019

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

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

zbMATH Keywords

dispersed informationinformation frictionsoptimal monetary policyrational inattention

Mathematics Subject Classification ID

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

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Cited in

(22)

• Aggregate demand shocks, central bank preferences and macroeconomic outcomes with imperfect information
• Optimal policy in a model of endogenous fluctuations and assets
• A role for monetary policy when prices reveal information: An example
• Dynamic rational inattention: analytical results
• Monetary policy for rationally inattentive economies with staggered price setting
• Multi-layered rational inattention and time-varying volatility
• Elasticity of attention and optimal monetary policy
• Learning over the business cycle: policy implications
• Optimal monetary policy with uncertain fundamentals and dispersed information
• High-Frequency Identification of Monetary Non-Neutrality: The Information Effect*
• Volatile policy and private information: The case of monetary shocks
• On credible monetary policy and private government information
• Moderating noise-driven macroeconomic fluctuations under dispersed information
• Optimal policy with dispersed information and uncertain monetary transmission
• Monetary policy and sentiment-driven fluctuations
• Incomplete information, strategic uncertainty and optimal monetary policy
• Central bank communication and stabilization policies under firms' motivated beliefs
• Nominal rigidities, rational inattention, and the optimal monetary policy
• Informational inertia and the Taylor principle
• Local determinacy in incomplete-markets models
• A note on rational inattention and rate distortion theory
• Rigid pricing and rationally inattentive consumer

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