Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Mirko Wiederholt"'
Autor:
Mina Kim, Andrés Blanco, Matthius Paustian, Robert W. Rich, Tony Zhang, Henning Weber, Raphael Schoenle, Jane Ryngaert, Joris Tielens, Michael Weber, Mirko Wiederholt, Edward S. Knotek
Publikováno v:
Economic Commentary (Federal Reserve Bank of Cleveland). :1-6
To provide insights into the processes that drive inflationary dynamics, the Federal Reserve Bank of Cleveland holds an annual conference on the topic of inflation: “Inflation: Drivers and Dynamics.” This Commentary summarizes the papers presente
Autor:
Mirko Wiederholt, Bartosz Maćkowiak
Publikováno v:
Journal of Monetary Economics. 100:35-47
A new view of crises is proposed: A rare event occurs, consciously unprepared agents take bad actions, and catastrophic consequences follow. We model agents who prepare to act in different contingencies. They can process only a finite amount of infor
Publikováno v:
SSRN Electronic Journal.
We review the recent literature on rational inattention, identify the main theoretical mechanisms, and explain how it helps us understand a variety of phenomena across fields of economics. The theory of rational inattention assumes that agents cannot
Autor:
Mirko Wiederholt, Nathanael Vellekoop
Publikováno v:
SSRN Electronic Journal.
Do household inflation expectations affect consumption-savings decisions? We link survey data on quantitative inflation expectations to administrative data on income and wealth. We document that households with higher inflation expectations save less
Publikováno v:
SSRN Electronic Journal.
Information frictions play an important role in many theories of expectation formation. We use a survey experiment to generate direct evidence on how people select, acquire and process information. Participants can buy different information signals t
Publikováno v:
SSRN Electronic Journal.
Autor:
Mirko Wiederholt, Luigi Paciello
Publikováno v:
Review of Economic Studies. 81(1):356-388
Most of the analysis of optimal monetary policy is conducted with the Calvo model. This paper studies optimal monetary policy when the slow adjustment of the price level is due to imperfect information by decision-makers in firms. We consider two mod
Autor:
Mirko Wiederholt
Survey data on expectations shows that households have heterogeneous inflation expectations and their inflation expectations respond sluggishly to realized shocks to future inflation. By contrast, in models with a zero bound on the nominal interest r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::cfd7a4ccc8d7550cfe16f2738eb2d75a
https://www.economicdynamics.org/meetpapers/2014/paper_1407.pdf
https://www.economicdynamics.org/meetpapers/2014/paper_1407.pdf
Autor:
Mirko Wiederholt
Micro data on inflation expectations has two important properties: (i) there is substantial heterogeneity in inflation expectations across households, and (ii) the average inflation expectation responds slowly to shocks to actual inflation. This pape
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::901372f04f9920c54c17817cf6592e1d
https://economicdynamics.org/meetpapers/2012/paper_1071.pdf
https://economicdynamics.org/meetpapers/2012/paper_1071.pdf
Autor:
Mirko Wiederholt, Bartosz Maćkowiak
Decision-makers often face limited liability and thus know that their loss will be bounded. We study how limited liability affects the behavior of an agent who chooses how much information to acquire and process in order to take a good decision. We f
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::912d8a6d94526cdd1ec427c8619b2e01
https://economicdynamics.org/meetpapers/2012/paper_537.pdf
https://economicdynamics.org/meetpapers/2012/paper_537.pdf