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Inertia of Forward-Looking Expectations

  • Stephen Morris
  • Hyun Song Shin

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Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 96 (2006)
Issue (Month): 2 (May)
Pages: 152-157

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Handle: RePEc:aea:aecrev:v:96:y:2006:i:2:p:152-157
Note: DOI: 10.1257/000282806777212297
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  1. Mankiw, N. Gregory & Reis, Ricardo, 2002. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Scholarly Articles 3415324, Harvard University Department of Economics.
  2. repec:oup:qjecon:v:110:y:1995:i:1:p:127-59 is not listed on IDEAS
  3. repec:oup:restud:v:49:y:1982:i:4:p:517-31 is not listed on IDEAS
  4. Jordi GalĂ­ & Mark Gertler, 1998. "Inflation dynamics: A structural econometric analysis," Economics Working Papers 341, Department of Economics and Business, Universitat Pompeu Fabra.
  5. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-34, June.
  6. Christian Hellwig, 2002. "Public Announcements, Adjustment Delays, and the Business Cycle (November 2002)," UCLA Economics Online Papers 208, UCLA Department of Economics.
  7. Stephen Morris & Hyun Song Shin, 2002. "Social Value of Public Information," American Economic Review, American Economic Association, vol. 92(5), pages 1521-1534, December.
  8. Sims, Christopher A., 2003. "Implications of rational inattention," Journal of Monetary Economics, Elsevier, vol. 50(3), pages 665-690, April.
  9. Townsend, Robert M, 1983. "Forecasting the Forecasts of Others," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 546-88, August.
  10. repec:oup:qjecon:v:118:y:2003:i:1:p:269-298 is not listed on IDEAS
  11. Sargent, Thomas J., 1991. "Equilibrium with signal extraction from endogenous variables," Journal of Economic Dynamics and Control, Elsevier, vol. 15(2), pages 245-273, April.
  12. repec:oup:qjecon:v:117:y:2002:i:4:p:1295-1328 is not listed on IDEAS
  13. Franklin Allen & Stephen Morris & Hyun Song Shin, 2006. "Beauty Contests and Iterated Expectations in Asset Markets," Review of Financial Studies, Society for Financial Studies, vol. 19(3), pages 719-752.
  14. Nimark, Kristoffer P., 2005. "Calvo pricing and imperfect common knowledge: a forward looking model of rational inflation inertia," Working Paper Series 0474, European Central Bank.
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