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Bartosz Maćkowiak
(Bartosz Mackowiak)

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Maćkowiak, Bartosz & Wiederholt, Mirko, 2011. "Business cycle dynamics under rational inattention," Working Paper Series 1331, European Central Bank.

    Mentioned in:

    1. Business cycle dynamics under rational inattention
      by Christian Zimmermann in NEP-DGE blog on 2011-05-02 21:13:59

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Bartosz Mackowiak & Mirko Wiederholt, 2009. "Optimal Sticky Prices under Rational Inattention," American Economic Review, American Economic Association, vol. 99(3), pages 769-803, June.

    Mentioned in:

    1. Optimal Sticky Prices under Rational Inattention (AER 2009) in ReplicationWiki ()

Working papers

  1. Breckenfelder, Johannes & Maćkowiak, Bartosz & Marqués-Ibáñez, David & Olovsson, Conny & Popov, Alexander & Porcellacchia, Davide & Schepens, Glenn, 2023. "The climate and the economy," Working Paper Series 2793, European Central Bank.

    Cited by:

    1. Tommaso, Caterina Di & Foglia, Matteo & Pacelli, Vincenzo, 2024. "The impact of climate policy uncertainty on the Italian financial market," Finance Research Letters, Elsevier, vol. 69(PA).
    2. Masciandaro, Donato & Russo, Riccardo, 2024. "Monetary and macroprudential policies: How to Be green? A political-economy approach," Economic Modelling, Elsevier, vol. 141(C).
    3. Houari, Oussama & Bennani, Hamza & Bro de Comères, Quentin, 2025. "Climate risks and economic activity in France: Evidence from media coverage," Journal of International Money and Finance, Elsevier, vol. 155(C).
    4. Beirne, John & Dafermos, Yannis & Kriwoluzky, Alexander & Renzhi, Nuobu & Volz, Ulrich & Wittich, Jana, 2024. "Weather-related disasters and inflation in the euro area," Journal of Banking & Finance, Elsevier, vol. 169(C).
    5. Christina Caron, 2024. "Eroding Natural Capital: An Alternative Explanation for the Secular Decline in Productivity Growth," International Productivity Monitor, Centre for the Study of Living Standards, vol. 47, pages 109-147, Fall.
    6. Shah, Syed Sadaqat Ali & Wu, Kai, 2025. "How effective are green spending multipliers? Eco-friendly vs non-eco-friendly spending in OECD economies," Energy Policy, Elsevier, vol. 204(C).
    7. Ciccarelli, Matteo & Marotta, Fulvia, 2024. "Demand or Supply? An empirical exploration of the effects of climate change on the macroeconomy," Energy Economics, Elsevier, vol. 129(C).

  2. Maćkowiak, Bartosz & Schmidt, Sebastian, 2023. "Passive monetary policy and active fiscal policy in a monetary union," Working Paper Series 2781, European Central Bank.

    Cited by:

    1. Philip Arestis & Malcolm Sawyer, 2026. "The euro after quarter of a century: a post-Keynesian perspective," Review of Evolutionary Political Economy, Springer, vol. 7(1), pages 1-20, December.

  3. Corsetti, Giancarlo & Mackowiak, Bartosz, 2022. "Gambling to Preserve Price (and Fiscal) Stability," CEPR Discussion Papers 17588, C.E.P.R. Discussion Papers.

    Cited by:

    1. Dupraz, Stéphane & Rogantini Picco, Anna, 2025. "Fiscal requirements for price stability when households are not Ricardian," Working Paper Series 3038, European Central Bank.

  4. Mackowiak, Bartosz & Wiederholt, Mirko, 2022. "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks," CEPR Discussion Papers 16812, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ahn, Hie Joo & Xie, Shihan & Yang, Choongryul, 2024. "Effects of monetary policy on household expectations: The role of homeownership," Journal of Monetary Economics, Elsevier, vol. 147(C).
    2. Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2023. "Information frictions among firms and households," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 99-115.
    3. Jurado, Kyle, 2023. "Rational inattention in the frequency domain," Journal of Economic Theory, Elsevier, vol. 208(C).

  5. Mackowiak, Bartosz & Schmidt, Sebastian, 2022. "Fiscal Backing for Price Stability in a Monetary Union," CEPR Discussion Papers 17034, C.E.P.R. Discussion Papers.

    Cited by:

    1. Schmidt, Sebastian, 2026. "Fiscal seigniorage and price level determination in a currency union," Working Paper Series 3183, European Central Bank.
    2. McClung, Nigel, 2025. "Why should fiscal imbalances concern policymakers at independent inflation-targeting central banks?," BoF Economics Review 4/2025, Bank of Finland.

  6. Debrun, Xavier & Masuch, Klaus & Ferrero, Guiseppe & Vansteenkiste, Isabel & Ferdinandusse, Marien & von Thadden, Leopold & Hauptmeier, Sebastian & Alloza, Mario & Derouen, Chloé & Bańkowski, Krzyszto, 2021. "Monetary-fiscal policy interactions in the euro area," Occasional Paper Series 273, European Central Bank.

    Cited by:

    1. Kloosterman, Roben & Bonam, Dennis & van der Veer, Koen, 2024. "The effects of monetary policy across fiscal regimes," Journal of Macroeconomics, Elsevier, vol. 81(C).
    2. Cimadomo, Jacopo & Giannone, Domenico & Lenza, Michele & Monti, Francesca & Sokol, Andrej, 2026. "Fiscal monitoring with VARs," Working Paper Series 3186, European Central Bank.
    3. Lidiema, Caspah, 2024. "Monetary-fiscal policy interdependence and pricing dynamics: Empirical estimation of fiscal dominance in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 83, Kenya Bankers Association (KBA).
    4. Kamps, Christophe & Bussière, Matthieu & Niessner, Birgit & Tristani, Oreste & Christoffel, Kai & Kapadia, Sujit & Ferrero, Giuseppe & Gilbert, Niels & Vlassopoulos, Thomas & Motto, Roberto & Gerke, R, 2025. "Report on monetary policy tools, strategy and communication," Occasional Paper Series 372, European Central Bank.
    5. Gibson, Heather D. & Hall, Stephen G. & Petroulas, Pavlos & Tavlas, George S., 2022. "An investigation into feedback and spatial relationships between banks’ share prices and sovereign bond spreads during the euro crisis," Journal of Financial Stability, Elsevier, vol. 63(C).
    6. Bonam, Dennis & Ferdinandusse, Marien & Jacquinot, Pascal, 2022. "A fiscal capacity with endogenous access in a monetary union," Economics Letters, Elsevier, vol. 221(C).
    7. Rant, Vasja & Puc, Anja & Čok, Mitja & Verbič, Miroslav, 2024. "Macroeconomic impacts of monetary and fiscal policy in the euro area in times of shifting policies: A SVAR approach," Finance Research Letters, Elsevier, vol. 64(C).
    8. Enrique Alberola-Ila & Gong Cheng & Andrea Consiglio & Stavros A. Zenios, 2022. "Debt sustainability and monetary policy: the case of ECB asset purchases," BIS Working Papers 1034, Bank for International Settlements.
    9. McClung, Nigel, 2025. "Why should fiscal imbalances concern policymakers at independent inflation-targeting central banks?," BoF Economics Review 4/2025, Bank of Finland.
    10. Căpraru, Bogdan & Georgescu, George & Sprincean, Nicu, 2022. "Do independent fiscal institutions cause better fiscal outcomes in the European Union?," Economic Systems, Elsevier, vol. 46(2).

  7. Mackowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2020. "Rational Inattention: A Review," CEPR Discussion Papers 15408, C.E.P.R. Discussion Papers.

    Cited by:

    1. Poledna, Sebastian & Miess, Michael Gregor & Hommes, Cars & Rabitsch, Katrin, 2023. "Economic forecasting with an agent-based model," European Economic Review, Elsevier, vol. 151(C).
    2. Tommaso Bondi & Daniel Csaba & Evan Friedman & Salvatore Nunnari, 2025. "Range Effects in Economic Choice: The Role of Complexity," CESifo Working Paper Series 12175, CESifo.
    3. Matveenko, Andrei & Mikhalishchev, Sergei, 2021. "Attentional role of quota implementation," Journal of Economic Theory, Elsevier, vol. 198(C).
    4. Therese Cavlovic & Brandon C. Koford & Lucas Rentschler, 2024. "Information avoidance: An experimental test of anticipated regret," Journal of Risk and Uncertainty, Springer, vol. 69(3), pages 323-348, December.
    5. Lunardelli, Andre, 2025. "Fairness, ambiguity, wage markups and disinflation costs," MPRA Paper 126505, University Library of Munich, Germany.
    6. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Studying Information Acquisition in the Field: A Practical Guide and Review," ECONtribute Discussion Papers Series 124, University of Bonn and University of Cologne, Germany.
    7. Heiner Mikosch & Christopher Roth & Samad Sarferaz & Johannes Wohlfart, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," ECONtribute Discussion Papers Series 129, University of Bonn and University of Cologne, Germany.
    8. Alessandro Lizzeri & Eran Shmaya & Leeat Yariv, 2024. "Disentangling Exploration from Exploitation," Working Papers 334, Princeton University, Department of Economics, Center for Economic Policy Studies..
    9. Alessandro Moro & Andrea Zaghini, 2024. "The green sin: how exchange rate volatility and financial openness affect green premia," Temi di discussione (Economic working papers) 1447, Bank of Italy, Economic Research and International Relations Area.
    10. S. Viswanathan & Hao Xing, 2026. "Flexible Information Acquisition in the Kyle Model," Papers 2603.21842, arXiv.org.
    11. Jianjun Miao & Dongling Su, 2023. "Asset market equilibrium under rational inattention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 1-30, January.
    12. David Almog & Romain Gauriot & Lionel Page & Daniel Martin, 2024. "AI Oversight and Human Mistakes: Evidence from Centre Court," Papers 2401.16754, arXiv.org, revised Feb 2025.
    13. Wenting Song & Samuel Stern, 2022. "Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach," Staff Working Papers 22-3, Bank of Canada.
    14. Oliver Pfäuti, 2025. "Inflation—Who Cares? Monetary Policy in Times of Low Attention," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(5), pages 1211-1239, August.
    15. Kiesel, Kristin & Lee, Hyun Jung, 2025. "Strategic Redundancies in Labels and Claims: Do They Inform or Mislead Consumers?," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 360843, Agricultural and Applied Economics Association.
    16. Guo, Naijia & Leung, Charles Ka Yui & Zhang, Shumeng, 2025. "From pandemics to portfolios: Long-term impacts of the 2009 H1N1 outbreak on household investment choices," Journal of Economic Behavior & Organization, Elsevier, vol. 231(C).
    17. Hui-Kuan Chung & Nick Doren & Lasse Mononen & Mia Lu & Marcus Grueschow & Helen Hayward Könnecke & Alexander Jetter & Boris B. Quednow & Nick Netzer & Philippe N. Tobler, 2025. "Improving Rationality by Increasing Attention," CESifo Working Paper Series 12078, CESifo.
    18. Isabel Gameiro & Rita Duarte & Ildeberta Abreu, 2024. "Reaching out to the general public: a challenging journey for central banks," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    19. Beckmann, Joscha & Kerkemeier, Marco & Kruse-Becher, Robinson, 2025. "Regime-specific exchange rate predictability," Journal of Economic Dynamics and Control, Elsevier, vol. 176(C).
    20. Bryan P. Cutsinger & Alexander William Salter, 2026. "Putting economics back in Humanomics," Public Choice, Springer, vol. 206(3), pages 309-326, March.
    21. Chiah, Mardy & Tian, Xiao & Zhong, Angel, 2025. "Nature's impact: Do extreme natural disasters influence retail investors?," Journal of Economic Behavior & Organization, Elsevier, vol. 232(C).
    22. Boccanfuso, Jérémy & Neri, Luca, 2025. "Uncovering attention heterogeneity," LIDAM Discussion Papers CORE 2025009, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    23. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2025. "Inflation and Trading," Journal of Financial Economics, Elsevier, vol. 173(C).
    24. David Staines, 2023. "Stochastic Equilibrium the Lucas Critique and Keynesian Economics," Papers 2312.16214, arXiv.org, revised Jun 2024.
    25. Fuster, Andreas & Gianinazzi, Virginia & Hackethal, Andreas & Schnorpfeil, Philip & Weber, Michael, 2026. "The response of debtors to rate changes," SAFE Working Paper Series 469, Leibniz Institute for Financial Research SAFE.
    26. Maćkowiak, Bartosz, 2025. "Rational inattention and information provision experiments," Research Bulletin, European Central Bank, vol. 134.
    27. Christian Ochsner & Lukas Schmid, 2025. "Pandemics’ Backlash: The Effects of the 1918 Influenza on Health Attitudes and Behavior," CESifo Working Paper Series 11903, CESifo.
    28. Edward S. Knotek & James Mitchell & Mathieu Pedemonte & Taylor Shiroff, 2024. "The Effects of Interest Rate Increases on Consumers' Inflation Expectations: The Roles of Informedness and Compliance," Working Papers 24-01R, Federal Reserve Bank of Cleveland, revised 05 Jun 2025.
    29. Andrej Cupak & Judita Jurašeková Kucserová & Ján Klacso & Anna Strachotová, 2023. "Household Finance and Consumption Survey 2021: Results from Slovakia," Working and Discussion Papers OP 2/2023, Research Department, National Bank of Slovakia.
    30. Matthias Lang & Simeon Schudy, 2023. "(Dis)honesty and the Value of Transparency for Campaign Promises," Rationality and Competition Discussion Paper Series 409, CRC TRR 190 Rationality and Competition.
    31. Klaus Gründler & Michael Lamla & Niklas Potrafke & Timo Wochner, 2026. "Experts as Intermediaries," CESifo Working Paper Series 12492, CESifo.
    32. Eike Alexander Baumgart & Kay Blaufus & Frank Hechtner, 2025. "The tax treatment of commuting expenses and job-related mobility: insights from a randomized survey experiment," European Journal of Law and Economics, Springer, vol. 60(1), pages 33-53, August.
    33. Takashi Ui, 2022. "Impacts of Public Information on Flexible Information Acquisition," Papers 2204.09250, arXiv.org, revised Apr 2022.
    34. Schneider, Mark & Deck, Cary & DeJarnette, Patrick, 2025. "Salience perception and dominated choices in contracts," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 116(C).
    35. Wu, Qinqin & Zhuang, Qinqin & Liu, Yitong & Han, Longyan, 2024. "Technology shock of ChatGPT, social attention and firm value: Evidence from China," Technology in Society, Elsevier, vol. 79(C).
    36. Gorodnichenko, Yuriy & Vasudevan, Vittal, 2025. "Macroeconomic Expectations in a War," IZA Discussion Papers 18017, IZA Network @ LISER.
    37. Heinke, Steve, 2024. "Top–down and bottom–up information acquisition: Application to financial markets," Economics Letters, Elsevier, vol. 237(C).
    38. Yulia Evsyukova & Felix Rusche & Wladislaw Mill, 2024. "LinkedOut? A Field Experiment on Discrimination in Job Network Formation," CESifo Working Paper Series 11433, CESifo.
    39. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2024. "Households' response to the wealth effects of inflation," Working Paper Series 2904, European Central Bank.
    40. Federico Vaccari, 2024. "Belief patterns with information processing," Papers 2411.17597, arXiv.org.
    41. Howard, Greg, 2021. "A check for rational inattention," MPRA Paper 108243, University Library of Munich, Germany.
    42. Balasubramaniam, Vimal & Bhatiya, Apurav Yash & Das, Sabyasachi, 2025. "Synchronized elections strengthen party salience: Evidence from a decentralized democracy," Journal of Comparative Economics, Elsevier, vol. 53(4), pages 916-936.
    43. Okan Akarsu & Emrehan Aktuğ & Huzeyfe Torun, 2025. "Inflation Expectations and Firms' Decisions in High Inflation: Evidence from a Randomized Control Trial," CESifo Working Paper Series 12210, CESifo.
    44. Roberto Rozzi, 2021. "Competing Conventions with Costly Information Acquisition," Games, MDPI, vol. 12(3), pages 1-29, June.
    45. Chen Lian, 2023. "Mistakes in Future Consumption, High MPCs Now," American Economic Review: Insights, American Economic Association, vol. 5(4), pages 563-581, December.
    46. Salomé Fofana & Paula Patzelt & Ricardo Reis, 2024. "Household Disagreement about Expected Inflation," Discussion Papers 2418, Centre for Macroeconomics (CFM).
    47. Alex Bloedel & Tommaso Denti & Luciano Pomatto, 2025. "Modeling information acquisition via f-divergence and duality," Papers 2510.03482, arXiv.org.
    48. Masataka Eguchi & Takayuki Tsuruga & Mai Yamada, 2026. "Inattention to market shrinkage: The case of the photo film market," ISER Discussion Paper 1307, Institute of Social and Economic Research, The University of Osaka.
    49. Annie Liang & Xiaosheng Mu & Vasilis Syrgkanis, 2022. "Dynamically Aggregating Diverse Information," Econometrica, Econometric Society, vol. 90(1), pages 47-80, January.
    50. Aprigliano, Valentina & Emiliozzi, Simone & Guaitoli, Gabriele & Luciani, Andrea & Marcucci, Juri & Monteforte, Libero, 2023. "The power of text-based indicators in forecasting Italian economic activity," International Journal of Forecasting, Elsevier, vol. 39(2), pages 791-808.
    51. Lena Dräger, 2023. "Central Bank Communication with the General Public," CESifo Working Paper Series 10713, CESifo.
    52. Chaigneau, Pierre, 2023. "Capital Structure with Information about the Upside and the Downside," MPRA Paper 121397, University Library of Munich, Germany.
    53. Francesca Barigozzi & Laura Cornelsen & Mario Mazzocchi, 2025. "A tax is a signal: theory and evidence," Working Papers wp1206, Dipartimento Scienze Economiche, Universita' di Bologna.
    54. Heinke, Steve & Olschewski, Sebastian & Rieskamp, Jörg, 2024. "Experiences, demand for risky investments, and implications for price dynamics," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
    55. Melcangi, Davide & Turen, Javier, 2023. "Subsidizing startups under imperfect information," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 93-109.
    56. Beckmann, Joscha & Czudaj, Robert L., 2026. "Uncertainty shocks and inflation: The role of credibility and expectation anchoring," Journal of International Money and Finance, Elsevier, vol. 160(C).
    57. Kohlhas, Alexandre N. & Robertson, Donald, 2025. "Cautious expectations," Journal of Monetary Economics, Elsevier, vol. 155(S).
    58. Heikkilä, Jussi T. S., 2024. "Human intelligence versus artificial intelligence in classifying economics research articles: exploratory evidence," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 81(7), pages 18-30.
    59. Michael Weber & Bernardo Candia & Hassan Afrouzi & Tiziano Ropele & Rodrigo Lluberas & Serafin Frache & Brent Meyer & Saten Kumar & Yuriy Gorodnichenko & Dimitris Georgarakos & Olivier Coibion & Geoff, 2025. "Tell Me Something I Don't Already Know: Learning in Low‐ and High‐Inflation Settings," Econometrica, Econometric Society, vol. 93(1), pages 229-264, January.
    60. Isaac Baley & Javier Turén, 2025. "Lumpy Forecasts," Working Papers 1476, Barcelona School of Economics.
    61. Eunmi Ko, 2024. "Stationary Bayesian–Markov Equilibria in Bayesian Stochastic Games with Periodic Revelation," Games, MDPI, vol. 15(5), pages 1-17, September.
    62. Lea Best & Benjamin Born & Manuel Menkhoff, 2025. "The Impact of Interest: Firms' Investment Sensitivity to Interest Rates," CESifo Working Paper Series 12167, CESifo.
    63. Richard Watt, 2025. "When Harry Met Kelly: An Overlooked Result in the Classical Theory of Optimal Capital Growth," Working Papers in Economics 25/08, University of Canterbury, Department of Economics and Finance.
    64. Tabaré Capitán & Linda Thunström & Klaas van ’t Veld & Jonas Nordström & Jason F. Shogren, 2026. "Show me the labels: Using pre-nudges to reduce calorie information avoidance," Journal of Risk and Uncertainty, Springer, vol. 72(1), pages 1-39, February.
    65. Ding Dong & Allen Hu & Zhaorui Li & Zheng Liu, 2025. "Information Acquisition and the Finance-Uncertainty Trap," Working Paper Series 2025-12, Federal Reserve Bank of San Francisco.
    66. Anis Foresto & Monique Reid & Jeffrey Rakgalakane, 2025. "State dependence of the Phillips curve what does this mean for monetary policy," Working Papers 11080, South African Reserve Bank.
    67. Jacobs, Heiko & Lauber, Alexander & Müller, Sebastian, 2025. "Bearish bets and the press: On the relation between short interest and media tone," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 104(C).
    68. Martin Bustos, 2024. "Identification with Posterior-Separable Information Costs," Papers 2402.09789, arXiv.org.
    69. Gitungwa, Henriette & Gustafson, Christopher R., 2022. "The Relationship between Consumers’ Beliefs about Product Price, Taste, and Health and Product Consideration," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322443, Agricultural and Applied Economics Association.
    70. Alberrto Bennardo & Antonio Abatemarco, 2024. "Multiple tasks, hard information gathering, muted incentives and specialization by project," CELPE Discussion Papers 170, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    71. Misev, Marina A. & Balles, Patrick, 2024. "Natural Disasters, Investor Attention, and Non-Fundamental Green Asset Demand," Working papers 2024/07, Faculty of Business and Economics - University of Basel.
    72. Xing Guo & Alistair Macaulay & Wenting Song, 2024. "The (Mis)Allocation of Corporate News," Staff Working Papers 24-47, Bank of Canada.
    73. Krishna Neupane, 2026. "The Strategic Gap: How AI-Driven Timing and Complexity Shape Investor Trust in the Age of Digital Agents," Papers 2602.17895, arXiv.org.
    74. Walker-Jones, David, 2025. "Foundation and identification of multi-attribute Shannon entropy," Games and Economic Behavior, Elsevier, vol. 150(C), pages 334-355.
    75. Chen, Xin & Jiang, Gege & Jiang, Yu, 2025. "Multivariate discrete choice with rational inattention: Model development, application, and calibration," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 194(C).
    76. Higashi, Youichiro & Hyogo, Kazuya & Takeoka, Norio, 2025. "Costly subjective learning," Journal of Economic Theory, Elsevier, vol. 226(C).
    77. Li, Anqi & Hu, Lin, 2023. "Electoral accountability and selection with personalized information aggregation," Games and Economic Behavior, Elsevier, vol. 140(C), pages 296-315.
    78. Alistair Macaulay, 2026. "The Causal Effects of Heterogeneous Expectation Formation in General Equilibrium," School of Economics Discussion Papers 0226, School of Economics, University of Surrey.
    79. Elizaveta Volgina, 2025. "Forecasting Inflation Using News Indices," Russian Journal of Money and Finance, Bank of Russia, vol. 84(1), pages 26-59, March.
    80. Lenin Arango-Castillo & María José Orraca & Regina Briseño, 2025. "Inflation volatility across advanced and emerging economies during the COVID-19 pandemic," Working Papers 2025-13, Banco de México.
    81. Claudio Borio & Marco Jacopo Lombardi & James Yetman & Egon Zakrajsek, 2023. "The two-regime view of inflation," BIS Papers, Bank for International Settlements, number 133.
    82. Leonardo N. Ferreira & Caio Garzeri & Diogo Guillen & Antônio Lima & Victor Monteiro, 2025. "The Not So Quiet Revolution: signal and noise in central bank communication," Working Papers Series 635, Central Bank of Brazil, Research Department.
    83. Ozbek, Kemal, 2025. "Costly learning under ambiguity," Journal of Mathematical Economics, Elsevier, vol. 116(C).
    84. Benjamin Moll, 2025. "The Trouble with Rational Expectations in Heterogeneous Agent Models: A Challenge for Macroeconomics," Papers 2508.20571, arXiv.org.
    85. Avi Goldfarb & Mo Xiao, 2024. "Transitory shocks, limited attention, and a firm’s decision to exit," Quantitative Marketing and Economics (QME), Springer, vol. 22(3), pages 223-255, September.
    86. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2022. "Recent Advances in Studies of News Consumption," ECONtribute Discussion Papers Series 204, University of Bonn and University of Cologne, Germany.
    87. Chen Lian, 2021. "Mistakes in Future Consumption, High MPCs Now," NBER Working Papers 29517, National Bureau of Economic Research, Inc.
    88. Michael McMahon, 2024. "Lessons for Monetary Policy Communication: Communication, Getting Through and Expectation Formation," RBA Annual Conference Papers acp2024-01, Reserve Bank of Australia, revised May 2025.
    89. Alexandros Botsis & Christoph Gortz & Plutarchos Sakellaris, 2023. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Discussion Papers 23-06, Department of Economics, University of Birmingham.
    90. Walker-Jones, David, 2023. "Rational inattention with multiple attributes," Journal of Economic Theory, Elsevier, vol. 212(C).
    91. Achim Ahrens & Alessandra Stampi‐Bombelli & Selina Kurer & Dominik Hangartner, 2024. "Optimal multi‐action treatment allocation: A two‐phase field experiment to boost immigrant naturalization," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(7), pages 1379-1395, November.
    92. Tommaso Denti & Doron Ravid, 2023. "Robust Predictions in Games with Rational Inattention," Papers 2306.09964, arXiv.org.
    93. Zach Y. Brown & Jihye Jeon, 2024. "Endogenous Information and Simplifying Insurance Choice," Econometrica, Econometric Society, vol. 92(3), pages 881-911, May.
    94. Turlo, Sergey & Fina, Matteo & Kasinger, Johannes & Laghaie, Arash & Otter, Thomas, 2025. "Discrete choice in marketing through the lens of rational inattention," Other publications TiSEM 24894409-70a9-4920-9d3c-b, Tilburg University, School of Economics and Management.
    95. Dietrich, Alexander M., 2023. "Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy," University of Tübingen Working Papers in Business and Economics 157, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    96. Dertwinkel-Kalt, Markus & Ebert, Sebastian & Köster, Mats, 2023. "On correlated lotteries in economic applications," Journal of Economic Behavior & Organization, Elsevier, vol. 215(C), pages 292-306.
    97. McIndoe-Calder, Tara, 2024. "Administrative meets survey data: measuring household indebtedness in Ireland," Research Technical Papers 2/RT/24, Central Bank of Ireland.
    98. Alex Kim & Maximilian Muhn & Valeri Nikolaev, 2023. "Bloated Disclosures: Can ChatGPT Help Investors Process Information?," Papers 2306.10224, arXiv.org, revised Oct 2025.
    99. David Deming & Mikko Silliman, 2025. "Skills and human capital in the labor market," RFBerlin Discussion Paper Series 2520, ROCKWOOL Foundation Berlin (RFBerlin).
    100. Kepp, Kaido & Männasoo, Kadri, 2025. "Explaining switching behavior: Consumer attention and choice in car insurance market," Journal of Economic Behavior & Organization, Elsevier, vol. 238(C).
    101. Arya, Yatish & Bhatiya, Apurav Yash, 2025. "When do voters ‘rally around the flag’? The salience of political messages," Journal of Public Economics, Elsevier, vol. 245(C).
    102. Zijian Zark Wang, 2025. "An Attentional Model of Time Discounting," Papers 2505.13016, arXiv.org.
    103. Dräger, Lena & Gründler, Klaus & Potrafke, Niklas, 2025. "Political shocks and inflation expectations: Evidence from the 2022 Russian invasion of Ukraine," Journal of International Economics, Elsevier, vol. 153(C).
    104. Avoyan, Ala & Romagnoli, Giorgia, 2023. "Paying for inattention," Economics Letters, Elsevier, vol. 226(C).
    105. Paul M. Lohmann & Elisabeth Gsottbauer & Christina Gravert & Lucia A. Reisch, 2025. "Nudging, Fast and Slow: Experimental Evidence from Food Choices Under Time Pressure," CESifo Working Paper Series 11718, CESifo.
    106. Andrew Caplin, 2024. "A Comment on: “Presidential Address: Economics and Measurement: New Measures to Model Decision Making” by Ingvild Almås, Orazio Attanasio, and Pamela Jervis," Econometrica, Econometric Society, vol. 92(4), pages 979-985, July.
    107. Müller, Henrik & Schmidt, Tobias & Rieger, Jonas & Hornig, Nico & Hufnagel, Lena Marie, 2023. "The inflation attention cycle: Updating the Inflation Perception Indicator (IPI) up to February 2023. A research note," DoCMA Working Papers 13, TU Dortmund University, Dortmund Center for Data-based Media Analysis (DoCMA).
    108. Jurado, Kyle, 2023. "Rational inattention in the frequency domain," Journal of Economic Theory, Elsevier, vol. 208(C).
    109. Chua, Chew Lian & Tsiaplias, Sarantis, 2024. "The influence of supermarket prices on consumer inflation expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 414-433.
    110. Ellison, Martin & Macaulay, Alistair, 2021. "A rational inattention unemployment trap," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
    111. Iwata, Yukinori, 2025. "Active choosing or default rules? A revealed preference approach," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 119(C).
    112. Francesco Furlanetto & Antoine Lepetit, 2024. "The Slope of the Phillips Curve," Finance and Economics Discussion Series 2024-043, Board of Governors of the Federal Reserve System (U.S.).
    113. Jiang, Hao & Ma, Yong & Wang, Tianyang, 2025. "Too many irons in the fire: The impact of limited institutional attention on market microstructure and efficiency," Journal of Financial Markets, Elsevier, vol. 73(C).
    114. David Almog & Daniel Martin, 2024. "Rational inattention in games: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 27(4), pages 715-742, September.
    115. Michele J. Aquino & Seth Gershenson, 2024. "Expecting the Expected? Documenting Nostalgia Effects on Baseball Card Prices," Journal of Sports Economics, , vol. 25(6), pages 683-706, August.
    116. Angino, Siria & Robitu, Robert, 2023. "One question at a time! A text mining analysis of the ECB Q&A session," Working Paper Series 2852, European Central Bank.
    117. Chen, Qin & Ge, Jinfeng & Xie, Huaqing & Xu, Xingcheng & Yang, Yanqing, 2025. "Large language models at work in China’s labor market," China Economic Review, Elsevier, vol. 92(C).
    118. Pérez-Urdiales, María & Libra, Jesse M. & Machado, Kleber B. & Serebrisky, Tomás & Sosa, Ben Solís, 2024. "Household water bill perception in Brazil," Utilities Policy, Elsevier, vol. 87(C).
    119. Kun Heo & Antoine Zerbini, 2024. "Segment and rule: Modern censorship in authoritarian regimes," Discussion Papers 2024-04, Nottingham Interdisciplinary Centre for Economic and Political Research (NICEP).
    120. Pavan, Alessandro, 2025. "Attention, coordination, and bounded recall," Journal of Economic Theory, Elsevier, vol. 227(C).
    121. Matveenko, Andrei & Starkov, Egor, 2023. "Sparking curiosity or tipping the scales? Targeted advertising with consumer learning," Journal of Economic Behavior & Organization, Elsevier, vol. 213(C), pages 172-192.
    122. James Mitchell & Saeed Zaman, 2023. "The Distributional Predictive Content of Measures of Inflation Expectations," Working Papers 23-31, Federal Reserve Bank of Cleveland.
    123. Hie Joo Ahn & Leland E. Farmer, 2024. "Disagreement About the Term Structure of Inflation Expectations," Finance and Economics Discussion Series 2024-084, Board of Governors of the Federal Reserve System (U.S.).
    124. Devdariani, Saba & Hirsch, Alexander V., 2023. "Voter attention and electoral accountability," Journal of Public Economics, Elsevier, vol. 224(C).
    125. Nathan Goldstein & Ohad Raveh, 2024. "Looking up the sky: unidentified aerial phenomena and macroeconomic attention," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-25, December.
    126. Baumgart, Eike & Blaufus, Kay & Hechtner, Frank, 2023. "The tax treatment of commuting expenses and job-related mobility," arqus Discussion Papers in Quantitative Tax Research 280, arqus - Arbeitskreis Quantitative Steuerlehre.
    127. Ethan Struby & Christina Farhart, 2024. "Inflation Expectations and Political Polarization: Evidence from the Cooperative Election Study," Working Papers 2024-01, Carleton College, Department of Economics.
    128. Jung, Alexander & Mongelli, Francesco Paolo, 2025. "Central bank communication with non-experts: insights from a randomized field experiment," Working Paper Series 3103, European Central Bank.
    129. Spyros Galanis & Sergei Mikhalishchev, 2024. "Information Aggregation with Costly Information Acquisition," Papers 2406.07186, arXiv.org, revised Apr 2026.
    130. Zaremba, Adam & Cakici, Nusret & Bianchi, Robert J. & Long, Huaigang, 2023. "Interest rate changes and the cross-section of global equity returns," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).
    131. Andrew Caplin & David J. Deming & Søren Leth-Petersen & Ben Weidmann, 2023. "Economic Decision-Making Skill Predicts Income in Two Countries," NBER Working Papers 31674, National Bureau of Economic Research, Inc.
    132. Roc Armenter & Michèle Müller‐Itten & Zachary R. Stangebye, 2024. "Geometric methods for finite rational inattention," Quantitative Economics, Econometric Society, vol. 15(1), pages 115-144, January.

  8. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2018. "Dynamic Rational Inattention: Analytical Results," Post-Print hal-03943597, HAL.

    Cited by:

    1. Bartosz Maćkowiak & Mirko Wiederholt, 2026. "Rational Inattention during a Randomized Controlled Trial," American Economic Review: Insights, American Economic Association, vol. 8(1), pages 19-35, March.
    2. Hobler, Stephan, 2022. "Multi-layered rational inattention and time-varying volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    3. Chenyu Hou & Tao Wang, 2025. "Uncovering Subjective Models from Survey Expectations," Staff Working Papers 25-31, Bank of Canada.
    4. Oliver Pfäuti, 2025. "Inflation—Who Cares? Monetary Policy in Times of Low Attention," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(5), pages 1211-1239, August.
    5. Aljoscha Janssen & Johannes Kasinger, 2024. "Obfuscation and Rational Inattention," Journal of Industrial Economics, Wiley Blackwell, vol. 72(1), pages 390-428, March.
    6. Yin, Penghui, 2021. "Optimal attention and heterogeneous precautionary saving behavior," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
    7. Dominik Naeher, 2022. "Technology Adoption Under Costly Information Processing," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(2), pages 699-753, May.
    8. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Sciences Po Economics Publications (main) hal-03878692, HAL.
    9. Maćkowiak, Bartosz & Wiederholt, Mirko, 2025. "Rational inattention during an RCT," Working Paper Series 3054, European Central Bank.
    10. Atahan Afsar; José Elías Gallegos; Richard Jaimes; Edgar Silgado Gómez & Jos� El�as Gallegos & Richard Jaimes & Edgar Silgado G�mez, 2020. "Reconciling Empirics and Theory: The Behavioral Hybrid New Keynesian Model," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-41.
    11. Rupal Kamdar & Walker Ray, 2024. "Attention-Driven Sentiment and the Business Cycle," CAEPR Working Papers 2024-003 Classification-, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    12. Zhang, Yuhua & Mu, Congming, 2021. "Optimal ownership of entrepreneurial firms with rational inattention," Economics Letters, Elsevier, vol. 209(C).
    13. Maćkowiak, Bartosz, 2025. "Rational inattention and information provision experiments," Research Bulletin, European Central Bank, vol. 134.
    14. Bartosz Maćkowiak & Mirko Wiederholt, 2021. "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks," Working Papers hal-03878704, HAL.
    15. Contreras, Alfredo, 2023. "Learning specialists and market resilience," Finance Research Letters, Elsevier, vol. 52(C).
    16. Alfio Giarlotta & Angelo Petralia, 2024. "Simon’s bounded rationality," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 47(1), pages 327-346, June.
    17. Alexeeva, Tatyana A. & Kuznetsov, Nikolay V. & Mokaev, Timur N., 2021. "Study of irregular dynamics in an economic model: attractor localization and Lyapunov exponents," Chaos, Solitons & Fractals, Elsevier, vol. 152(C).
    18. Chenyu Hou, 2023. "Learning and Subjective Expectation Formation: A Recurrent Neural Network Approach," Discussion Papers dp23-13, Department of Economics, Simon Fraser University.
    19. Nimark, Kristoffer P. & Sundaresan, Savitar, 2019. "Inattention and belief polarization," Journal of Economic Theory, Elsevier, vol. 180(C), pages 203-228.
    20. Park, Kwangyong, 2023. "Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?," Journal of Macroeconomics, Elsevier, vol. 78(C).
    21. Penghui Yin, 2018. "Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior," CESifo Working Paper Series 7413, CESifo.
    22. Chahrour, Ryan & Jurado, Kyle, 2021. "Optimal foresight," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 245-259.
    23. Rupal Kamdar, 2019. "The Inattentive Consumer: Sentiment and Expectations," 2019 Meeting Papers 647, Society for Economic Dynamics.
    24. McCloud, Nadine, 2022. "Does domestic investment respond to inflation targeting? A synthetic control investigation," International Economics, Elsevier, vol. 169(C), pages 98-134.
    25. Jianjun Miao & Jieran Wu & Eric R. Young, 2022. "Multivariate Rational Inattention," Econometrica, Econometric Society, vol. 90(2), pages 907-945, March.
    26. Hassan Afrouzi & Joel P. Flynn & Choongryul Yang, 2024. "What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?," Finance and Economics Discussion Series 2024-053, Board of Governors of the Federal Reserve System (U.S.).
    27. Janssen, Aljoscha & Kasinger, Johannes, 2021. "Obfuscation and rational inattention in digitalized markets," SAFE Working Paper Series 306, Leibniz Institute for Financial Research SAFE.
    28. Chenyu Hou and Tao Wang, 2024. "Uncovering Subjective Models from Survey Expectations," Discussion Papers dp24-09, Department of Economics, Simon Fraser University.
    29. Erin T. Bronchetti & Judd B. Kessler & Ellen B. Magenheim & Dmitry Taubinsky & Eric Zwick, 2023. "Is Attention Produced Optimally? Theory and Evidence From Experiments With Bandwidth Enhancements," Econometrica, Econometric Society, vol. 91(2), pages 669-707, March.
    30. Jurado, Kyle, 2023. "Rational inattention in the frequency domain," Journal of Economic Theory, Elsevier, vol. 208(C).
    31. C'esar Barilla, 2025. "When and what to learn in a changing world," Papers 2510.17757, arXiv.org, revised Nov 2025.
    32. Alistair Macaulay, 2022. "Heterogeneous Information, Subjective Model Beliefs, and the Time-Varying Transmission of Shocks," CESifo Working Paper Series 9733, CESifo.
    33. Janssen, Aljoscha & Kasinger, Johannes, 2024. "Obfuscation and rational inattention," Other publications TiSEM b1b654a7-c163-4f68-9eb5-b, Tilburg University, School of Economics and Management.
    34. J r my Boccanfuso, 2022. "Consumption Response Heterogeneity and Dynamics with an Inattention Region," Working Papers wp1172, Dipartimento Scienze Economiche, Universita' di Bologna.
    35. McCloud, Nadine, 2024. "What has inflation targeting done for household consumption?," International Review of Financial Analysis, Elsevier, vol. 95(PC).
    36. Stanislav Anatolyev & Sergei Seleznev & Veronika Selezneva, 2021. "How does the financial market update beliefs about the real economy? Evidence from the oil market," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(7), pages 938-961, November.
    37. Janssen, Aljoscha & Kasinger, Johannes, 2021. "Obfuscation and Rational Inattention in Digitalized Markets," Working Paper Series 1379, Research Institute of Industrial Economics.
    38. Laura Gáti, 2023. "Talking Over Time ‐ Dynamic Central Bank Communication," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(5), pages 1147-1176, August.

  9. Matějka, Filip & Mackowiak, Bartosz & Wiederholt, Mirko, 2018. "Survey: Rational Inattention, a Disciplined Behavioral Model," CEPR Discussion Papers 13243, C.E.P.R. Discussion Papers.

    Cited by:

    1. Dominik Naeher & Matthias Schündeln, 2022. "The Demand for Advice: Theory and Empirical Evidence from Farmers in Sub-Saharan Africa," The World Bank Economic Review, World Bank, vol. 36(1), pages 91-113.
    2. Ulrike Malmendier & Demian Pouzo & Victoria Vanasco, 2019. "Investor experiences and international capital flows," Economics Working Papers 1710, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Christopher Roth & Sonja Settele & Johannes Wohlfahrt, 2022. "Risk Exposure and Acquisition of Macroeconomic Information," ECONtribute Discussion Papers Series 177, University of Bonn and University of Cologne, Germany.
    4. Hobler, Stephan, 2022. "Multi-layered rational inattention and time-varying volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    5. Jianjun Miao & Dongling Su, 2019. "Asset Market Equilibrium under Rational Inattention," Boston University - Department of Economics - Working Papers Series WP2019-09, Boston University - Department of Economics.
    6. Dominik Naeher, 2023. "The Social Planning Problem with Costly Information Processing: Towards Understanding Production Decisions in Centralized Economies," Economica, London School of Economics and Political Science, vol. 90(357), pages 285-314, January.
    7. Benjamin Balzer & Benjamin Young, 2020. "A Theory of Intuition and Contemplation," Working Paper Series 2020/01, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
    8. de Mendonça, Helder Ferreira & Vereda, Luciano & Araujo, Mateus de Azevedo, 2022. "What type of information calls the attention of forecasters? Evidence from survey data in an emerging market," Journal of International Money and Finance, Elsevier, vol. 129(C).
    9. Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 93-112.
    10. Luciano Pomatto & Philipp Strack & Omer Tamuz, 2018. "The Cost of Information: The Case of Constant Marginal Costs," Papers 1812.04211, arXiv.org, revised Feb 2023.
    11. Caner Canyakmaz & Tamer Boyaci, 2018. "Queueing systems with rationally inattentive customers," ESMT Research Working Papers ESMT-18-04_R1, ESMT European School of Management and Technology, revised 01 Oct 2020.
    12. Dietmar Fehr & Günther Fink & Kelsey Jack, 2019. "Poverty, Seasonal Scarcity and Exchange Asymmetries," NBER Working Papers 26357, National Bureau of Economic Research, Inc.
    13. Andrade, Philippe & Gautier, Erwan & Mengus, Eric, 2023. "What matters in households’ inflation expectations?," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 50-68.
    14. Naeher,Dominik & Schundeln,Matthias, 2021. "The Demand for Advice : Theory and Empirical Evidence from Farmers in Sub-Saharan Africa," Policy Research Working Paper Series 9532, The World Bank.
    15. Tommaso Denti & Massimo Marinacci & Luigi Montrucchio, 2018. "Rational Inattention and Rate Distortion Theory: A Teaching Note," Working Papers 630, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    16. Gemmi, Luca, 2024. "Rational overoptimism and limited liability," Journal of Monetary Economics, Elsevier, vol. 143(C).
    17. Propper, Carol & Avdic, Daniel & von Hinke Kessler Scholder, Stephanie & Lagerqvist, Bo & Vikström, Johan, 2019. "Information shocks and provider responsiveness: evidence from interventional cardiology," CEPR Discussion Papers 13627, C.E.P.R. Discussion Papers.
    18. Tommaso Denti & Massimo Marinacci & Luigi Montrucchio, 2020. "A note on rational inattention and rate distortion theory," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(1), pages 75-89, June.
    19. Kumar, Rajeev Ranjan & Raj, Alok & Ajith Kumar, J., 2025. "The energy efficiency paradox in electric vehicle adoption: Estimating the internal discount rate and the influences of behavioural factors," Transportation Research Part A: Policy and Practice, Elsevier, vol. 192(C).
    20. Tamer Boyaci, & Caner Canyakmaz, & Francis de Véricourt,, 2020. "Human and machine: The impact of machine input on decision-making under cognitive limitations," ESMT Research Working Papers ESMT-20-02, ESMT European School of Management and Technology.
    21. Juan-Camilo Chaves, 2019. "The Less I Know The Better? A Model of Rational Attention and Experimentation," Documentos CEDE 17606, Universidad de los Andes, Facultad de Economía, CEDE.
    22. Avdic, Daniel & von Hinke, Stephanie & Lagerqvist, Bo & Propper, Carol & Vikström, Johan, 2024. "Do responses to news matter? Evidence from interventional cardiology," Journal of Health Economics, Elsevier, vol. 94(C).
    23. Jinzhi Lu, 2022. "Limited Attention: Implications for Financial Reporting," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 60(5), pages 1991-2027, December.
    24. Benjamin Hébert & Michael Woodford, 2018. "Information Costs and Sequential Information Sampling," NBER Working Papers 25316, National Bureau of Economic Research, Inc.
    25. Chahrour, Ryan & Jurado, Kyle, 2021. "Optimal foresight," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 245-259.
    26. Tommaso Denti & Massimo Marinacci & Aldo Rustichini, 2019. "Experimental Cost of Information," Working Papers 657, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    27. Jianjun Miao, 2019. "Multivariate LQG Control under Rational Inattention in Continuous Time," Boston University - Department of Economics - Working Papers Series WP2019-06, Boston University - Department of Economics.
    28. Huw Dixon & Joshy Easaw & Saeed Heravi, 2020. "Forecasting inflation gap persistence: Do financial sector professionals differ from nonfinancial sector ones?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 25(3), pages 461-474, July.
    29. Blankespoor, Elizabeth & deHaan, Ed & Marinovic, Iván, 2020. "Disclosure processing costs, investors’ information choice, and equity market outcomes: A review," Journal of Accounting and Economics, Elsevier, vol. 70(2).
    30. Paciello, Luigi & Michelacci, Claudio, 2020. "Aggregate Risk or Aggregate Uncertainty? Evidence from UK Households," CEPR Discussion Papers 14557, C.E.P.R. Discussion Papers.
    31. Jamie Hentall-MacCuish, 2024. "Costly attention and retirement," IFS Working Papers W24/59, Institute for Fiscal Studies.
    32. Benjamin M. Hébert & Michael Woodford, 2020. "Neighborhood-Based Information Costs," NBER Working Papers 26743, National Bureau of Economic Research, Inc.
    33. Andrei Matveenko & Sergei Mikhalishchev, 2019. "Attentional Role of Quota Implementation," CERGE-EI Working Papers wp645, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    34. Tsakas, Elias, 2020. "Robust scoring rules," Theoretical Economics, Econometric Society, vol. 15(3), July.
    35. Alex Botsis & Christoph Gortz & Plutarchos Sakellaris, 2021. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2021-14, Economic Statistics Centre of Excellence (ESCoE).
    36. Meggiorini, Greta, 2023. "Behavioral New Keynesian Models: An empirical assessment," Journal of Macroeconomics, Elsevier, vol. 77(C).

  10. Bartosz Maćkowiak & Mirko Wiederholt, 2018. "Lack of Preparation for Rare Events," Post-Print hal-03943567, HAL.

    Cited by:

    1. Carola Binder, 2020. "Coronavirus Fears and Macroeconomic Expectations," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 721-730, October.
    2. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Sciences Po Economics Publications (main) hal-03878692, HAL.
    3. Nicola Garbarino, 2025. "Concrete Adaptation under Extreme Precipitation," ifo Working Paper Series 419, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Alessandro Cantelmo, 2020. "Rare disasters, the natural interest rate and monetary policy," Temi di discussione (Economic working papers) 1309, Bank of Italy, Economic Research and International Relations Area.
    5. Donato Masciandaro, 2020. "Covid-19 Helicopter Money, Monetary Policy And Central Bank Independence: Economics And Politics," BAFFI CAREFIN Working Papers 20137, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    6. Donato Masciandaro, 2020. "Ecb Helicopter Money: Economic And Political Economy Arithmetics," BAFFI CAREFIN Working Papers 20138, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    7. Nimark, Kristoffer P. & Sundaresan, Savitar, 2019. "Inattention and belief polarization," Journal of Economic Theory, Elsevier, vol. 180(C), pages 203-228.
    8. Giovanna Centorrino, 2020. "Covid-19 and the Search for the Common Good: The Case of Parmon Spa (Italy)," Sustainability, MDPI, vol. 12(16), pages 1-23, August.
    9. Kizys, Renatas & Tzouvanas, Panagiotis & Donadelli, Michael, 2021. "From COVID-19 herd immunity to investor herding in international stock markets: The role of government and regulatory restrictions," International Review of Financial Analysis, Elsevier, vol. 74(C).
    10. Hachem, Kinda, 2021. "Inefficiently low screening with Walrasian markets," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 935-948.
    11. Daniel Susskind, 2022. "Rational inattention and public signals," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 58(2), pages 225-255, February.
    12. Flynn, Joel P. & Sastry, Karthik A., 2023. "Strategic mistakes," Journal of Economic Theory, Elsevier, vol. 212(C).
    13. Bernardo Candia & Olivier Coibion & Yuriy Gorodnichenko, 2020. "Communication and the Beliefs of Economic Agents," NBER Working Papers 27800, National Bureau of Economic Research, Inc.
    14. Hibiki Ichiue & Maiko Koga & Tatsushi Okuda & Tatsuya Ozaki, 2019. "Households' Liquidity Constraint, Optimal Attention Allocation, and Inflation Expectations," Bank of Japan Working Paper Series 19-E-8, Bank of Japan.
    15. Hanspal, Tobin & Weber, Annika & Wohlfart, Johannes, 2020. "Exposure to the COVID-19 stock market crash and its effect on household expectations," SAFE Working Paper Series 279, Leibniz Institute for Financial Research SAFE.
    16. Ghouse, Ghulam & Bhatti, Muhammad Ishaq & Aslam, Aribah & Ahmad, Nawaz, 2023. "Asymmetric spillover effects of Covid-19 on the performance of the Islamic finance industry: A wave analysis and forecasting," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    17. Stanislav Anatolyev & Sergei Seleznev & Veronika Selezneva, 2021. "How does the financial market update beliefs about the real economy? Evidence from the oil market," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(7), pages 938-961, November.

  11. Mackowiak, Bartosz & Jarocinski, Marek, 2017. "Monetary-Fiscal Interactions and the Euro Area's Malaise," CEPR Discussion Papers 12020, C.E.P.R. Discussion Papers.

    Cited by:

    1. Jordi Galí, 2018. "The State of New Keynesian Economics: A Partial Assessment," NBER Working Papers 24845, National Bureau of Economic Research, Inc.
    2. Francesco Bianchi & Leonardo Melosi, 2017. "The Dire Effects of the Lack of Monetary and Fiscal Coordination," NBER Working Papers 23605, National Bureau of Economic Research, Inc.
    3. Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
    4. Monica Laura Zlati & Valentin Marian Antohi & Romeo Victor Ionescu, 2019. "Approaches on the Vulnerability of Romania's Economy in Terms of Budget Deficit and Inflation in a Continuous Form," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 128-137.
    5. Mackowiak, Bartosz & Corsetti, Giancarlo & Dedola, Luca & Schmidt, Sebastian & Jarocinski, Marek, 2017. "Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union," CEPR Discussion Papers 12371, C.E.P.R. Discussion Papers.
    6. Ursel Baumann & David Lodge & Mirela S. Miescu, 2024. "Global growth on life support? The contributions of fiscal and monetary policy since the global financial crisis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 76-90, January.
    7. Jarociński, Marek & Maćkowiak, Bartosz, 2018. "Monetary-fiscal interactions and the euro area's malaise," Journal of International Economics, Elsevier, vol. 112(C), pages 251-266.
    8. Jan Willem van den End & Paul Konietschke & Anna Samarina & Irina M. Stanga, 2020. "Macroeconomic reversal rate: evidence from a nonlinear IS-curve," Working Papers 684, DNB.
    9. Zongsen Zou & Xiuling Wang & Dengtian Feng, 2020. "Adhere to the rules or be discretionary? Empirical evidence from the euro area," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 15(2), pages 501-525, April.
    10. van den End, Jan Willem & Konietschke, Paul & Samarina, Anna & Stanga, Irina M., 2021. "Macroeconomic reversal rate in a low interest rate environment," Working Paper Series 2620, European Central Bank.

  12. Mackowiak, Bartosz & Corsetti, Giancarlo & Dedola, Luca & Schmidt, Sebastian & Jarocinski, Marek, 2017. "Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union," CEPR Discussion Papers 12371, C.E.P.R. Discussion Papers.

    Cited by:

    1. Zareh Asatryan & Xavier Debrun & Annika Havlik & Friedrich Heinemann & Martin G. Kocher & Roberto Tamborini, 2018. "Which Role for a European Minister of Economy and Finance in a European Fiscal Union?," EconPol Policy Reports 6, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

  13. Mackowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2016. "The Rational Inattention Filter," CEPR Discussion Papers 11237, C.E.P.R. Discussion Papers.

    Cited by:

    1. Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
    2. George-Marios Angeletos & Chen Lian, 2018. "Forward Guidance without Common Knowledge," American Economic Review, American Economic Association, vol. 108(9), pages 2477-2512, September.
    3. Kwangyong Park, 2019. "Uncertainty, Attention Allocation and Monetary Policy Asymmetry," Working Papers 2019-5, Economic Research Institute, Bank of Korea.
    4. Chad Fulton, 2017. "Mechanics of Linear Quadratic Gaussian Rational Inattention Tracking Problems," Finance and Economics Discussion Series 2017-109, Board of Governors of the Federal Reserve System (U.S.).
    5. Jamie Hentall MacCuish, 2019. "Rational Inattention and Oversensitivity of Retirement to the State Pension Age," 2019 Meeting Papers 336, Society for Economic Dynamics.
    6. Jamie Hentall-MacCuish, 2019. "Costly Attention and Retirement," Papers 1904.06520, arXiv.org, revised Feb 2026.
    7. Matějka, Filip & Mackowiak, Bartosz & Wiederholt, Mirko, 2018. "Survey: Rational Inattention, a Disciplined Behavioral Model," CEPR Discussion Papers 13243, C.E.P.R. Discussion Papers.

  14. Corsetti, G. & Dedola, L. & Jarocinsk, M. & Mackowiak, B., 2016. "Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe’s monetary Union," Cambridge Working Papers in Economics 1675, Faculty of Economics, University of Cambridge.

    Cited by:

    1. Athanasios Orphanides, 2020. "The fiscal–monetary policy mix in the euro area: challenges at the zero lower bound," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(103), pages 461-517.
    2. Deng, Jiapin, 2025. "Deleveraging backed by fiscal support: The monetary–fiscal policy mix during the deleveraging campaign in China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    3. Filiani, Pasquale, 2021. "Optimal monetary–fiscal policy in the euro area liquidity crisis," Journal of Macroeconomics, Elsevier, vol. 70(C).
    4. Mackowiak, Bartosz & Jarocinski, Marek, 2017. "Monetary-Fiscal Interactions and the Euro Area's Malaise," CEPR Discussion Papers 12020, C.E.P.R. Discussion Papers.
    5. Lucrezia Reichlin & Giovanni Ricco & Matthieu Tarbé, 2021. "Monetary-Fiscal Crosswinds in the European Monetary Union," Sciences Po Economics Publications (main) hal-03474950, HAL.
    6. Jarociński, Marek & Maćkowiak, Bartosz, 2017. "Monetary-fiscal interactions and the euro area’s vulnerability," Research Bulletin, European Central Bank, vol. 36.
    7. Reichlin, Lucrezia & Caruso, Alberto & Ricco, Giovanni, 2018. "Financial and Fiscal Interaction in the Euro Area Crisis: This Time was Different," CEPR Discussion Papers 13016, C.E.P.R. Discussion Papers.
    8. Francesco Spadafora, 2020. "Completing the Economic and Monetary Union: Wisdom Come Late?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 6(3), pages 379-409, November.
    9. Philip Arestis, 2019. "The past and future of the euro," Revista de Economia Critica, Universidad Pablo de Olavide y Asociacion de Economia Critica, vol. 27, pages 6-15.
    10. Zabavnik, Darja & Verbič, Miroslav, 2025. "Revisiting the impact of financial shocks on the fiscal position of euro area countries," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 622-635.
    11. Chigozie Nelson Nkalu & Chike Cletus Agu, 2023. "Fiscal Policy and Economic Stabilization Dynamics in Sub-Saharan Africa: A New Evidence from Panel VEC Model and Hodrick-Prescott Filter Cyclical Decomposition," SAGE Open, , vol. 13(2), pages 21582440231, June.
    12. Bonam, Dennis & Ciccarelli, Matteo & Gomes, Sandra & Aldama, Pierre & Bańkowski, Krzysztof & Buss, Ginters & da Costa, José Cardoso & Christoffel, Kai & Elfsbacka Schmöller, Michaela & Jacquinot, Pasc, 2024. "Challenges for monetary and fiscal policy interactions in the post-pandemic era," Occasional Paper Series 337, European Central Bank.
    13. Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
    14. Plamen Nikolov & Paolo Pasimeni, 2023. "Fiscal Stabilization in the United States: Lessons for Monetary Unions," Open Economies Review, Springer, vol. 34(1), pages 113-153, February.
    15. Amanda Mavundla & Malibongwe Cyprian Nyati & Simiso Msomi, 2025. "The Coordination of Monetary–Fiscal Policy in South Africa," Economies, MDPI, vol. 13(10), pages 1-22, September.
    16. Hanlin Xia & Lin Zhang, 2025. "The Coordination of Monetary and Local Government Fiscal Policies and Local Fiscal Sustainability in China," Sustainability, MDPI, vol. 17(16), pages 1-34, August.
    17. Oriola, Hugo, 2023. "Political monetary cycles: An empirical study," European Journal of Political Economy, Elsevier, vol. 79(C).
    18. Bańkowski, Krzysztof & Christoffel, Kai & Faria, Thomas, 2021. "Assessing the fiscal-monetary policy mix in the euro area," Working Paper Series 2623, European Central Bank.
    19. Francesco Spadafora, 2019. "European integration in the time of mistrust," Questioni di Economia e Finanza (Occasional Papers) 512, Bank of Italy, Economic Research and International Relations Area.
    20. Ursel Baumann & David Lodge & Mirela S. Miescu, 2024. "Global growth on life support? The contributions of fiscal and monetary policy since the global financial crisis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 76-90, January.
    21. Philip Arestis, 2020. "Productivity and inequality in the UK: a political economy perspective," Review of Evolutionary Political Economy, Springer, vol. 1(2), pages 183-197, August.
    22. Gomes-Pereira, Francisco, 2024. "Balance sheet expansionary policies in the euro area: Macroeconomic impacts and a vulnerable versus non-vulnerable comparison," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
    23. Debrun, Xavier & Masuch, Klaus & Ferrero, Guiseppe & Vansteenkiste, Isabel & Ferdinandusse, Marien & von Thadden, Leopold & Hauptmeier, Sebastian & Alloza, Mario & Derouen, Chloé & Bańkowski, Krzyszto, 2021. "Monetary-fiscal policy interactions in the euro area," Occasional Paper Series 273, European Central Bank.
    24. Dennis Bonam & Bart Hobijn, 2021. "Generalized Stability of Monetary Unions Under Regime Switching in Monetary and Fiscal Policies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 73-94, February.
    25. Paolo Guerrieri & Pier Carlo Padoan, 2023. "I regimi internazionali e l'evoluzione dell'economia globale (International regimes and the evolution of the global economy)," Moneta e Credito, Economia civile, vol. 76(303), pages 235-252.
    26. Xi Wang & Jiayang Li & Guangbin Zhang, 2022. "Mixed Monetary–Fiscal Policies and Macroeconomic Fluctuations: An Analysis Based on the Dynamic Stochastic General Equilibrium Model," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(2), pages 167-196, March.
    27. Victor Echevarria Icaza & Simón Sosvilla-Rivero, 2017. "Yields on sovereign debt, fragmentation and monetary policy transmission in the euro area: A GVAR approach," Working Papers 17-01, Asociación Española de Economía y Finanzas Internacionales.
    28. Baumann, Ursel & Lodge, David & Miescu, Mirela S., 2019. "Global growth on life support? The contributions of fiscal and monetary policy since the global financial crisis," Working Paper Series 2248, European Central Bank.
    29. Andriantomanga, Zo & Kishor, N. Kundan & Kumar, Labesh, 2025. "Interest Rate Misalignments and Monetary Policy Effects: Evidence from U.S. States," MPRA Paper 124748, University Library of Munich, Germany.
    30. Dat Thanh Nguyen & Viet Anh Hoang, 2020. "Monetary Consequences of Fiscal Stress in a Game Theoretic Framework," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 125-164.
    31. Francisco Gomes Pereira, 2023. "Balance Sheet Expansionary Policies in the Euro Area: Macroeconomic Impacts and a Vulnerable versus Non-Vulnerable Comparison - A Bayesian Structural VAR Approach," Working Papers REM 2023/0259, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    32. Helge Berger & Giovanni Dell’Ariccia & Maurice Obstfeld, 2019. "Revisiting the Economic Case for Fiscal Union in the Euro Area," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 657-683, September.
    33. Patrik Žihala & Barbara Brixová & Marianna Siničáková & Veronika Šuliková, 2025. "Heterogeneous macroeconomic effects of interplay in recent fiscal and monetary policies," Economic Change and Restructuring, Springer, vol. 58(6), pages 1-41, December.

  15. Mackowiak, Bartosz & Jarocinski, Marek, 2013. "Granger-Causal-Priority and Choice of Variables in Vector Autoregressions," CEPR Discussion Papers 9686, C.E.P.R. Discussion Papers.

    Cited by:

    1. Majid M. Al-Sadoon, 2015. "Testing Subspace Granger Causality," Working Papers 850, Barcelona School of Economics.
    2. Karlsson, Sune, 2012. "Forecasting with Bayesian Vector Autoregressions," Working Papers 2012:12, Örebro University, School of Business.
    3. Woźniak, Tomasz, 2015. "Testing causality between two vectors in multivariate GARCH models," International Journal of Forecasting, Elsevier, vol. 31(3), pages 876-894.
    4. Iskrev, Nikolay, 2019. "On the sources of information about latent variables in DSGE models," European Economic Review, Elsevier, vol. 119(C), pages 318-332.
    5. Alonso, Pablo, 2018. "Creation and Evolution of Inflation Expectations in Paraguay," IDB Publications (Working Papers) 9027, Inter-American Development Bank.
    6. Donal Smith, 2016. "The International Impact of Financial Shocks: A Global VAR and Connectedness Measures Approach," Discussion Papers 16/07, Department of Economics, University of York.
    7. Morley, James & Rodríguez-Palenzuela, Diego & Sun, Yiqiao & Wong, Benjamin, 2023. "Estimating the euro area output gap using multivariate information and addressing the COVID-19 pandemic," European Economic Review, Elsevier, vol. 153(C).
    8. Gruber, Luis & Kastner, Gregor, 2025. "Forecasting macroeconomic data with Bayesian VARs: Sparse or dense? It depends!," International Journal of Forecasting, Elsevier, vol. 41(4), pages 1589-1619.
    9. James Morley & Benjamin Wong, 2020. "Estimating and accounting for the output gap with large Bayesian vector autoregressions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(1), pages 1-18, January.
    10. Matthieu Droumaguet & Anders Warne & Tomasz Wozniak, 2015. "Granger Causality and Regime Inference in Bayesian Markov-Switching VARs," Department of Economics - Working Papers Series 1191, The University of Melbourne.
    11. Zhang, Ailian & Pan, Mengmeng & Liu, Bai & Weng, Yin-Che, 2020. "Systemic risk: The coordination of macroprudential and monetary policies in China," Economic Modelling, Elsevier, vol. 93(C), pages 415-429.
    12. Manfred Kremer, 2016. "Macroeconomic effects of financial stress and the role of monetary policy: a VAR analysis for the euro area," International Economics and Economic Policy, Springer, vol. 13(1), pages 105-138, January.
    13. Dominik Bertsche & Ralf Brüggemann & Christian Kascha, 2023. "Directed graphs and variable selection in large vector autoregressive models," Journal of Time Series Analysis, Wiley Blackwell, vol. 44(2), pages 223-246, March.
    14. Joshua C. C. Chan & Eric Eisenstat & Chenghan Hou & Gary Koop, 2020. "Composite likelihood methods for large Bayesian VARs with stochastic volatility," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(6), pages 692-711, September.

  16. Bartosz Mackowiak & Mirko Wiederholt, 2012. "Information Processing and Limited Liability," 2012 Meeting Papers 537, Society for Economic Dynamics.

    Cited by:

    1. Natalia Fabra & Mar Reguant, 2013. "Pass-through of Emissions Costs in Electricity Markets," NBER Working Papers 19613, National Bureau of Economic Research, Inc.
    2. Oleksiy Kryvtsov & Luba Petersen, 2019. "Central Bank Communication That Works: Lessons from Lab Experiments," Staff Working Papers 19-21, Bank of Canada.
    3. Gemmi, Luca, 2024. "Rational overoptimism and limited liability," Journal of Monetary Economics, Elsevier, vol. 143(C).
    4. Michael Sockin & Mindy Z Xiaolan, 2023. "Delegated Learning and Contract Commonality in Asset Management," Review of Finance, European Finance Association, vol. 27(6), pages 1931-1975.
    5. Melcangi, Davide & Turen, Javier, 2023. "Subsidizing startups under imperfect information," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 93-109.
    6. Mondher Bellalah & Akeb Hakim & Kehan Si & Detao Zhang, 2022. "Long term optimal investment with regime switching: inflation, information and short sales," Annals of Operations Research, Springer, vol. 313(2), pages 1373-1386, June.
    7. Mondher bellalah, 2018. "Pricing derivatives in the presence of shadow costs of incomplete information and short sales," Annals of Operations Research, Springer, vol. 262(2), pages 389-411, March.
    8. José-Elías Gallegos, 2023. "Inflation persistence, noisy information and the Phillips curve," Working Papers 2309, Banco de España.
    9. Mondher Bellalah, 2018. "On information costs, short sales and the pricing of extendible options, steps and Parisian options," Annals of Operations Research, Springer, vol. 262(2), pages 361-387, March.
    10. Bellalah, Mondher, 2016. "Shadow costs of incomplete information and short sales in the valuation of the firm and its assets," The North American Journal of Economics and Finance, Elsevier, vol. 37(C), pages 406-419.
    11. Daniel Susskind, 2022. "Rational inattention and public signals," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 58(2), pages 225-255, February.
    12. Hibiki Ichiue & Maiko Koga & Tatsushi Okuda & Tatsuya Ozaki, 2019. "Households' Liquidity Constraint, Optimal Attention Allocation, and Inflation Expectations," Bank of Japan Working Paper Series 19-E-8, Bank of Japan.
    13. Maćkowiak, Bartosz & Wiederholt, Mirko, 2015. "Inattention to rare events," Working Paper Series 1841, European Central Bank.
    14. Herresthal, Claudia, 2022. "Hidden testing and selective disclosure of evidence," Journal of Economic Theory, Elsevier, vol. 200(C).
    15. Stephanie L. Chan, 2021. "The Social Value of Public Information When Not Everyone is Privately Informed," Working Papers 2021-09-18, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    16. Nezafat, Mahdi & Schroder, Mark & Wang, Qinghai, 2017. "Short-sale constraints, information acquisition, and asset prices," Journal of Economic Theory, Elsevier, vol. 172(C), pages 273-312.
    17. Roc Armenter & Michèle Müller‐Itten & Zachary R. Stangebye, 2024. "Geometric methods for finite rational inattention," Quantitative Economics, Econometric Society, vol. 15(1), pages 115-144, January.

  17. Mackowiak, Bartosz & Wiederholt, Mirko, 2011. "Inattention to Rare Events," CEPR Discussion Papers 8626, C.E.P.R. Discussion Papers.

    Cited by:

    1. Chen, Heng & Luo, Yulei & Pei, Guangyu, 2015. "Attention misallocation, social welfare and policy implications," Journal of Economic Dynamics and Control, Elsevier, vol. 59(C), pages 37-57.
    2. Donatella Baiardi & Marco Magnani & Mario Menegatti, 2020. "The theory of precautionary saving: an overview of recent developments," Review of Economics of the Household, Springer, vol. 18(2), pages 513-542, June.
    3. Pasten, Ernesto & Schoenle, Raphael, 2016. "Rational inattention, multi-product firms and the neutrality of money," Journal of Monetary Economics, Elsevier, vol. 80(C), pages 1-16.
    4. Luigi Iovino & Jennifer La'O & George-Marios Angeletos, 2016. "Efficiency and Policy with Endogenous Learning," 2016 Meeting Papers 229, Society for Economic Dynamics.
    5. Bartosz Mackowiak & Mirko Wiederholt, 2012. "Information Processing and Limited Liability," 2012 Meeting Papers 537, Society for Economic Dynamics.
    6. Hur, Sewon & Kondo, Illenin O., 2016. "A theory of rollover risk, sudden stops, and foreign reserves," Journal of International Economics, Elsevier, vol. 103(C), pages 44-63.
    7. Hefti, Andreas, 2018. "Limited attention, competition and welfare," Journal of Economic Theory, Elsevier, vol. 178(C), pages 318-359.

  18. Mackowiak, Bartosz & Wiederholt, Mirko, 2010. "Business Cycle Dynamics under Rational Inattention," CEPR Discussion Papers 7691, C.E.P.R. Discussion Papers.

    Cited by:

    1. Müller, Gernot & Wolf, Martin & Hettig, Thomas, 2019. "Exchange Rate Undershooting: Evidence and Theory," CEPR Discussion Papers 13597, C.E.P.R. Discussion Papers.
    2. Jonathan Benchimol & Lahcen Bounader & Mario Dotta, 2025. "Estimating Behavioral Inattention," Working Papers 2025.8, International Network for Economic Research - INFER.
    3. Scanlon, Paul, 2024. "A model of greedflation," Economics Letters, Elsevier, vol. 234(C).
    4. Hobler, Stephan, 2022. "Multi-layered rational inattention and time-varying volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    5. Bodo Herzog, 2021. "Sustainable Consumer Tax Evasion Theory under Information Inattention," Sustainability, MDPI, vol. 13(2), pages 1-13, January.
    6. Christopher Roth & Johannes Wohlfart, 2020. "How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 731-748, October.
    7. Ángelo Gutiérrez-Daza, 2024. "Business Cycles when Consumers Learn by Shopping," Working Papers 2024-12, Banco de México.
    8. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Studying Information Acquisition in the Field: A Practical Guide and Review," ECONtribute Discussion Papers Series 124, University of Bonn and University of Cologne, Germany.
    9. Chahrour, Ryan & Ulbricht, Robert, 2017. "Information-driven Business Cycles: A Primal Approach," TSE Working Papers 17-784, Toulouse School of Economics (TSE), revised Dec 2017.
    10. Venky Venkateswaran & Laura Veldkamp & Julian Kozlowski, 2016. "The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation," 2016 Meeting Papers 245, Society for Economic Dynamics.
    11. Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2019. "Monetary policy announcements and expectations: Evidence from german firms," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 45-63.
    12. Drakos, Konstantinos & Konstantinou, Panagiotis Th. & Thoma, Foteini-Anna, 2020. "Inflation uncertainty and inflation expectations: Micro-level evidence from the eurozone," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    13. Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Kiichi Tokuoka & Matthew N. White, 2020. "Sticky Expectations and Consumption Dynamics," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(3), pages 40-76, July.
    14. Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2015. "The Tail that Wags the Economy: Beliefs and Persistent Stagnation," NBER Working Papers 21719, National Bureau of Economic Research, Inc.
    15. Kim, Duk Gyoo & Yoon, Yeochang, 2019. "A theory of FAQs: Public announcements with rational ignorance," Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 560-574.
    16. Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2019. "Micro Jumps, Macro Humps: monetary policy and business cycles in an estimated HANK model," 2019 Meeting Papers 1449, Society for Economic Dynamics.
    17. Verona, Fabio, 2026. "Forecasting inflation: The sum of the cycles outperforms the whole," Bank of Finland Research Discussion Papers 1/2026, Bank of Finland.
    18. Straub, Ludwig & Ulbricht, Robert, 2015. "Endogenous Uncertainty and Credit Crunches," TSE Working Papers 15-604, Toulouse School of Economics (TSE), revised Dec 2017.
    19. Wenting Song & Samuel Stern, 2022. "Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach," Staff Working Papers 22-3, Bank of Canada.
    20. Luigi Paciello, 2012. "Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(7), pages 1375-1399, October.
    21. Yin, Penghui, 2021. "Optimal attention and heterogeneous precautionary saving behavior," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
    22. Matějka, Filip, 2015. "Rigid pricing and rationally inattentive consumer," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 656-678.
    23. Filip Premik & Ewa Stanisławska, 2017. "The impact of inflation expectations on Polish consumers’ spending and saving," NBP Working Papers 255, Narodowy Bank Polski.
    24. Macaulay, Alistair, 2021. "The attention trap: Rational inattention, inequality, and fiscal policy," European Economic Review, Elsevier, vol. 135(C).
    25. S. S. Vinokurov & A.A. Medved & L. A. Mierin, 2018. "Economic News and Household Decisions," Contemporary Economics, Vizja University, vol. 12(1), March.
    26. Pereira, Camila C. & Bastos, Saulo B. & Cajueiro, Daniel O., 2025. "The words that lead to uncertainty: A measure based on word embeddings," Economic Systems, Elsevier, vol. 49(3).
    27. Dominik Naeher, 2022. "Technology Adoption Under Costly Information Processing," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(2), pages 699-753, May.
    28. Kacperczyk, Marcin & Nosal, Jaromir & Stevens, Luminita, 2018. "Investor Sophistication and Capital Income Inequality," CEPR Discussion Papers 12870, C.E.P.R. Discussion Papers.
    29. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Sciences Po Economics Publications (main) hal-03878692, HAL.
    30. Chee-Hong Law & Kim Huat Goh, 2024. "A systematic literature review of the implications of media on inflation expectations," International Economics and Economic Policy, Springer, vol. 21(2), pages 311-340, May.
    31. Benchimol, Jonathan & Bounader, Lahcen, 2023. "Optimal monetary policy under bounded rationality," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 67, pages 1-25.
    32. Nimark, Kristoffer P. & Pitschner, Stefan, 2019. "News media and delegated information choice," Journal of Economic Theory, Elsevier, vol. 181(C), pages 160-196.
    33. Gorodnichenko, Yuriy & Sergeyev, Dmitriy, 2021. "Zero Lower Bound on Inflation Expectations," IZA Discussion Papers 14853, IZA Network @ LISER.
    34. Atahan Afsar; José Elías Gallegos; Richard Jaimes; Edgar Silgado Gómez & Jos� El�as Gallegos & Richard Jaimes & Edgar Silgado G�mez, 2020. "Reconciling Empirics and Theory: The Behavioral Hybrid New Keynesian Model," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-41.
    35. Gobbi, Alessandro & Grazzini, Jakob, 2019. "A basic New Keynesian DSGE model with dispersed information: An agent-based approach," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 101-116.
    36. Rupal Kamdar & Walker Ray, 2024. "Attention-Driven Sentiment and the Business Cycle," CAEPR Working Papers 2024-003 Classification-, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    37. Filip Matejka & Colin Stewart & Jakub Steiner, 2015. "Rational Inattention Dynamics: Inertia and Delay in Decision-Making," 2015 Meeting Papers 307, Society for Economic Dynamics.
    38. Bachmann, Rüdiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2019. "Time-varying business volatility and the price setting of firms," Journal of Monetary Economics, Elsevier, vol. 101(C), pages 82-99.
    39. Saint-Paul, Gilles, 2010. "A "quantum" approach to rational inattention," CEPR Discussion Papers 7739, C.E.P.R. Discussion Papers.
    40. Carola Binder, 2021. "Presidential antagonism and central bank credibility," Economics and Politics, Wiley Blackwell, vol. 33(2), pages 244-263, July.
    41. Leonardo Melosi, 2014. "Signaling Effects of Monteray Policy," 2014 Meeting Papers 830, Society for Economic Dynamics.
    42. Alexandre Kohlhas, 2018. "Asymmetric Attention," 2018 Meeting Papers 1040, Society for Economic Dynamics.
    43. Romain Baeriswyl & Kene Boun My & Camille Cornand, 2021. "Double overreaction in beauty-contests with information acquisition: theory and experiment," Post-Print hal-03468857, HAL.
    44. Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2009. "Reset price inflation and the impact of monetary policy shocks," Finance and Economics Discussion Series 2009-16, Board of Governors of the Federal Reserve System (U.S.).
    45. José Daniel Aromí, 2021. "Large Current Account Deficits and Neglected Vulnerabilities," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(4), pages 597-623, December.
    46. Assenza, T. & Heemeijer, P. & Hommes, C.H. & Massaro, D., 2021. "Managing self-organization of expectations through monetary policy: A macro experiment," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 170-186.
    47. Eleni Iliopulos & Erica Perego & Thepthida Sopraseuth, 2021. "International business cycles: Information matters," Post-Print hal-03679001, HAL.
    48. Mondria, Jordi & Wu, Thomas & Zhang, Yi, 2010. "The determinants of international investment and attention allocation: Using internet search query data," Journal of International Economics, Elsevier, vol. 82(1), pages 85-95, September.
    49. Timo Henckel & Gordon D. Menzies & Peter G. Moffatt & Daniel J. Zizzo, 2022. "Belief adjustment: a double hurdle model and experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 25(1), pages 26-67, February.
    50. Cellini, Roberto & Lambertini, Luca & Ottaviano, Gianmarco I.P., 2020. "Strategic inattention, delegation and endogenous market structure," European Economic Review, Elsevier, vol. 121(C).
    51. Beutel, Johannes & Metiu, Norbert & Stockerl, Valentin, 2021. "Toothless tiger with claws? Financial stability communication, expectations, and risk-taking," Discussion Papers 05/2021, Deutsche Bundesbank.
    52. Maćkowiak, Bartosz & Wiederholt, Mirko, 2018. "Lack of preparation for rare events," Journal of Monetary Economics, Elsevier, vol. 100(C), pages 35-47.
    53. Mackowiak, Bartosz & Wiederholt, Mirko & Moench, Emanuel, 2009. "Sectoral Price Data and Models of Price Setting," CEPR Discussion Papers 7339, C.E.P.R. Discussion Papers.
    54. Bartosz Maćkowiak & Mirko Wiederholt, 2021. "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks," Working Papers hal-03878704, HAL.
    55. Jean-Paul L'Huillier & William R. Zame, 2015. "The Flattening of the Phillips Curve and the Learning Problem of the Central Bank," EIEF Working Papers Series 1503, Einaudi Institute for Economics and Finance (EIEF), revised Oct 2014.
    56. Marco Bassetto & David S. Miller, 2022. "A monetary-fiscal theory of sudden inflations," IFS Working Papers W22/56, Institute for Fiscal Studies.
    57. Terence Tai Leung Chong & M. S. Rafiq & Tingting Juni Zhu & Zhang Wu, 2019. "Are Prices Sticky In Large Developing Economies? An Empirical Comparison Of China And India," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(02), pages 341-363, March.
    58. Maćkowiak, Bartosz & Wiederholt, Mirko, 2011. "Business cycle dynamics under rational inattention," Working Paper Series 1331, European Central Bank.
    59. Gabaix, Xavier, 2018. "Behavioral Inattention," CEPR Discussion Papers 13268, C.E.P.R. Discussion Papers.
    60. Kronick, Jeremy & Petersen, Luba, 2025. "Is monetary and fiscal policy conflict that dire?," Journal of Economic Dynamics and Control, Elsevier, vol. 172(C).
    61. Frank Schorfheide, 2008. "DSGE model-based estimation of the New Keynesian Phillips curve," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Fall), pages 397-433.
    62. Campbell, Dennis & Loumioti, Maria & Wittenberg-Moerman, Regina, 2019. "Making sense of soft information: interpretation bias and loan quality," Journal of Accounting and Economics, Elsevier, vol. 68(2).
    63. George-Marios Angeletos, 2018. "Frictional Coordination," Journal of the European Economic Association, European Economic Association, vol. 16(3), pages 563-603.
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    2. Carlos Carvalho & Jae Won Lee, 2011. "Sectoral Price Facts in a Sticky-Price Model," Departmental Working Papers 201133, Rutgers University, Department of Economics.
    3. Smets, Frank & Maćkowiak, Bartosz, 2008. "On implications of micro price data for macro models," Working Paper Series 960, European Central Bank.
    4. Antonello D'Agostino & Domenico Giannone & Michele Lenza & Michele Modugno, 2015. "Nowcasting Business Cycles: a Bayesian Approach to Dynamic Heterogeneous Factor Models," Finance and Economics Discussion Series 2015-66, Board of Governors of the Federal Reserve System (U.S.).
    5. Grodzicki, Maciej J. & Skrzypek, Jurand, 2020. "Cost-competitiveness and structural change in value chains – vertically-integrated analysis of the European automotive sector," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 276-287.
    6. Emi Nakamura & Jón Steinsson, 2008. "Monetary Non-Neutrality in a Multi-Sector Menu Cost Model," NBER Working Papers 14001, National Bureau of Economic Research, Inc.
    7. Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
    8. Marios Zachariadis, 2012. "Global Versus Local Shocks in Micro Price Dynamics," 2012 Meeting Papers 66, Society for Economic Dynamics.
    9. Drakos, Konstantinos & Konstantinou, Panagiotis Th. & Thoma, Foteini-Anna, 2020. "Inflation uncertainty and inflation expectations: Micro-level evidence from the eurozone," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    10. Föllmi, Reto & Minsch, Rudolf & Schnell, Fabian, 2016. "What Determines Price Changes and the Distribution of Prices? Evidence from the Swiss CPI," Economics Working Paper Series 1610, University of St. Gallen, School of Economics and Political Science.
    11. Elena Deryugina & Natalia Karlova & Alexey Ponomarenko & Anna Tsvetkova, 2019. "The role of regional and sectoral factors in Russian inflation developments," Economic Change and Restructuring, Springer, vol. 52(4), pages 453-474, November.
    12. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Sciences Po Economics Publications (main) hal-03878692, HAL.
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    14. David Berger & Ricardo Caballero & Eduardo Engel, 2017. "Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models," Working Papers wp446, University of Chile, Department of Economics.
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    19. Huw Dixon & Jeremy Franklin & Stephen Millard, 2023. "Sectoral Shocks and Monetary Policy in the United Kingdom," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(4), pages 805-829, August.
    20. Jouchi Nakajima & Nao Sudo & Takayuki Tsuruga, 2010. "How Well Do the Sticky Price Models Explain the Disaggregated Price Responses to Aggregate Technology and Monetary Policy Shocks?," Discussion papers e-10-007, Graduate School of Economics Project Center, Kyoto University.
    21. Terence Tai Leung Chong & M. S. Rafiq & Tingting Juni Zhu & Zhang Wu, 2019. "Are Prices Sticky In Large Developing Economies? An Empirical Comparison Of China And India," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(02), pages 341-363, March.
    22. Maćkowiak, Bartosz & Wiederholt, Mirko, 2011. "Business cycle dynamics under rational inattention," Working Paper Series 1331, European Central Bank.
    23. Aleksei Kiselev & Aleksandra Zhivaykina, 2019. "The role of global relative price changes in international comovement of inflation," Bank of Russia Working Paper Series wps53, Bank of Russia.
    24. Bouakez, Hafedh & Cardia, Emanuela & Ruge-Murcia, Francisco, 2014. "Sectoral price rigidity and aggregate dynamics," European Economic Review, Elsevier, vol. 65(C), pages 1-22.
    25. Waldyr D. Areosa, 2016. "What drives inflation expectations in Brazil? Public versus private information," Working Papers Series 418, Central Bank of Brazil, Research Department.
    26. De Graeve, Ferre & Walentin, Karl, 2011. "Refining Stylized Facts from Factor Models of Inflation," Working Paper Series 254, Sveriges Riksbank (Central Bank of Sweden), revised 01 Oct 2013.
    27. Sara Serra & João Quelhas, 2023. "The inflation process in Portugal: the role of price spillovers," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    28. Kaufmann, Daniel & Lein, Sarah M., 2013. "Sticky prices or rational inattention – What can we learn from sectoral price data?," European Economic Review, Elsevier, vol. 64(C), pages 384-394.
    29. Peter Zorn, 2019. "Investment under Rational Inattention: Evidence from US Sectoral Data," 2019 Meeting Papers 577, Society for Economic Dynamics.
    30. Costain, James & Nakov, Anton, 2011. "Distributional dynamics under smoothly state-dependent pricing," Journal of Monetary Economics, Elsevier, vol. 58(6), pages 646-665.
    31. Hubrich, Kirstin & Marcellino, Massimiliano & Beck, Günter, 2011. "On the importance of sectoral and regional shocks for price-setting," CEPR Discussion Papers 8357, C.E.P.R. Discussion Papers.
    32. Alex Nikolsko‐Rzhevskyy & Oleksandr Talavera & Nam Vu, 2023. "The flood that caused a drought," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 965-981, October.
    33. Tatsushi Okuda & Tomohiro Tsuruga & Francesco Zanetti, 2021. "Imperfect Information, Heterogeneous Demand Shocks, and Inflation Dynamics," Discussion Papers 2108, Centre for Macroeconomics (CFM).
    34. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," NBER Working Papers 18705, National Bureau of Economic Research, Inc.
    35. Michael Dotsey & Robert G. King & Alexander L. Wolman, 2013. "Inflation and real activity with firm-level productivity shocks," Working Papers 13-35, Federal Reserve Bank of Philadelphia.
    36. Beck, Guenter W. & Hubrich, Kirstin & Marcellino, Massimiliano, 2009. "On the importance of sectoral shocks for price-setting," CFS Working Paper Series 2009/32, Center for Financial Studies (CFS).
    37. Leonardo Melosi, 2011. "Public's Inflation Expectations and Monetary Policy," 2011 Meeting Papers 1151, Society for Economic Dynamics.
    38. Monti, Francesca & Van Keirsbilck, Leïla, 2025. "The transmission of shocks across sectors and the dynamics of sectoral prices," LIDAM Discussion Papers CORE 2025014, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    39. Frank Smets & Joris Tielens & Jan Van Hove, 2018. "Pipeline Pressures and Sectoral Inflation Dynamics," Working Paper Research 351, National Bank of Belgium.
    40. Hirokazu Ishise Nao Sudo, 2013. "Inventory‐Theoretic Money Demand and Relative Price Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2‐3), pages 299-326, March.
    41. Konchitchki, Yaniv & Xie, Jin, 2023. "Undisclosed material inflation risk," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 82-100.
    42. Sushant Acharya, 2014. "Costly information, planning complementarities and the Phillips Curve," Staff Reports 698, Federal Reserve Bank of New York.
    43. Elena Deryugina & Alexey Ponomarenko, 2021. "Explaining the lead–lag pattern in the money–inflation relationship: a microsimulation approach," Journal of Evolutionary Economics, Springer, vol. 31(4), pages 1113-1128, September.
    44. Schenkelberg, Heike, 2011. "Why are Prices Sticky? Evidence from Business Survey Data," Discussion Papers in Economics 12158, University of Munich, Department of Economics.
    45. Jean Boivin & Robert Clark & Nicolas Vincent, 2010. "Virtual Borders: Online Nominal Rigidities and International Market Segmentation," NBER Working Papers 15642, National Bureau of Economic Research, Inc.
    46. Angela Maddaloni & José-Luis Peydró, 2010. "Bank lending standards and the origins and implications of the current banking crisis," Research Bulletin, European Central Bank, vol. 9, pages 6-9.
    47. Gee Hee Hong & Matthew Klepacz & Ernesto Pasten & Raphael Schoenle, 2020. "The Real Effects of Monetary Shocks: Evidence from Micro Pricing Moments," Working Papers Central Bank of Chile 875, Central Bank of Chile.
    48. Cristina Conflitti & Matteo Luciani, 2017. "Oil Price Pass-Through into Core Inflation," Finance and Economics Discussion Series 2017-085, Board of Governors of the Federal Reserve System (U.S.).
    49. Fiorella De Fiore & Oreste Tristani, 2010. "Financial conditions and monetary policy," Research Bulletin, European Central Bank, vol. 9, pages 10-12.
    50. Mishel Ghassibe & Boromeus Wanengkirtyo & Ivan Yotzov, 2025. "Intertemporal Pass-Through," Working Papers 1524, Barcelona School of Economics.
    51. Helena Marques & Gabriel Pino & Juan Dios Tena Horrillo, 2014. "Regional inflation dynamics using space–time models," Empirical Economics, Springer, vol. 47(3), pages 1147-1172, November.
    52. Sylvia Kaufmann & Markus Pape, 2023. "Bayesian (non-)unique sparse factor modelling," Working Papers 23.04, Swiss National Bank, Study Center Gerzensee.
    53. Carlsson, Mikael & Nordström Skans, Oskar, 2009. "Evaluating microfoundations for aggregate price regidities: evidence from matched firm-level data on product prices and unit labor cost," Working Paper Series 1083, European Central Bank.
    54. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    55. Mr. Roberto Piazza, 2018. "Is There a Phillips Curve? A Full Information Partial Equilibrium Approach," IMF Working Papers 2018/044, International Monetary Fund.
    56. Nakov, Anton & Thomas, Carlos, 2010. "Optimal monetary policy with state-dependent pricing," Working Paper Series 1250, European Central Bank.
    57. Maćkowiak, Bartosz & Wiederholt, Mirko, 2015. "Inattention to rare events," Working Paper Series 1841, European Central Bank.
    58. Takeshi Yagihashi & David D. Selover, 2017. "How Do the Trans-Pacific Economies Affect the USA? An Industrial Sector Approach," The World Economy, Wiley Blackwell, vol. 40(10), pages 2097-2124, October.
    59. Choi, Chi-Young & O'Sullivan, Róisín, 2013. "Heterogeneous response of disaggregate inflation to monetary policy regime change: The role of price stickiness," Journal of Economic Dynamics and Control, Elsevier, vol. 37(9), pages 1814-1832.
    60. Francisco J. Ruge-Murcia & Alexander L. Wolman, 2022. "Relative Price Shocks and Inflation," Working Paper 22-07, Federal Reserve Bank of Richmond.
    61. Matějka, Filip & Mackowiak, Bartosz & Wiederholt, Mirko, 2018. "Survey: Rational Inattention, a Disciplined Behavioral Model," CEPR Discussion Papers 13243, C.E.P.R. Discussion Papers.
    62. Tim Willems, 2013. "Actively Learning by Pricing: A Model of an Experimenting Seller," Economics Series Working Papers 687, University of Oxford, Department of Economics.
    63. Hellwig, Christian & Venkateswaran, Venky, 2025. "Dispersed information, nominal rigidities and monetary business cycles: A Hayekian perspective," Journal of Monetary Economics, Elsevier, vol. 155(S).
    64. Chi-Young Choi & Joo Yong Lee & Róisín O'Sullivan, 2015. "Monetary Policy Regime Change and Regional Inflation Dynamics: Looking through the Lens of Sector-Level Data for Korea," Working Papers 2015-20, Economic Research Institute, Bank of Korea.
    65. Gent Bajraj & Guillermo Carlomagno & Juan M. Wlasiuk, 2023. "Where is the Inflation? The Diverging Patterns of Prices of Goods and Services," Working Papers Central Bank of Chile 969, Central Bank of Chile.
    66. Aleksandra Halka & Grzegorz Szafrański, 2014. "What common factors are driving inflation in CEE countries?," EcoMod2014 6977, EcoMod.
    67. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2015. "Phillips curves with observation and menu costs," EIEF Working Papers Series 1508, Einaudi Institute for Economics and Finance (EIEF), revised Jul 2015.
    68. Philippe Andrade & Marios Zachariadis, 2010. "Trends in International Prices," University of Cyprus Working Papers in Economics 02-2010, University of Cyprus Department of Economics.
    69. Cantelmo, Alessandro & Melina, Giovanni, 2018. "Monetary policy and the relative price of durable goods," Journal of Economic Dynamics and Control, Elsevier, vol. 86(C), pages 1-48.
    70. Kiselev, Aleksei & Zhivaykina, Aleksandra, 2020. "The role of global relative price changes in international comovement of inflation," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    71. Philippe Andrade & Olivier Coibion & Erwan Gautier & Yuriy Gorodnichenko, 2020. "No Firm is an Island? How Industry Conditions Shape Firms' Aggregate Expectations," NBER Working Papers 27317, National Bureau of Economic Research, Inc.
    72. Stephen Millard & Tom O'Grady, 2012. "What do sticky and flexible prices tell us?," Bank of England working papers 457, Bank of England.
    73. Cornelia Holthausen & Huw Pill, 2010. "The forgotten markets: How understanding money markets helps us to understand the financial crisis," Research Bulletin, European Central Bank, vol. 9, pages 2-5.
    74. Leonardo Melosi, 2013. "Signaling Effects of Monetary Policy," PIER Working Paper Archive 13-029, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    75. Vorada Limjaroenrat, 2017. "Distributional Effects of Monetary Policy on Housing Bubbles: Some Evidence," PIER Discussion Papers 74, Puey Ungphakorn Institute for Economic Research.

  20. Smets, Frank & Mackowiak, Bartosz, 2008. "On Implications of Micro Price Data for Macro Models," CEPR Discussion Papers 6961, C.E.P.R. Discussion Papers.

    Cited by:

    1. Etienne Gagnon & J. David López-Salido & Nicolas Vincent, 2012. "Individual price adjustment along the extensive margin," International Finance Discussion Papers 1052, Board of Governors of the Federal Reserve System (U.S.).
    2. F. Alvarez & F. Lippi & L. Paciello, 2010. "Optimal price setting with observation and menu costs," 2010 Meeting Papers 478, Society for Economic Dynamics.
    3. Helena Meier & Tooraj Jamasb & Luis Orea, 2013. "Necessity or Luxury Good? Household Energy Spending and Income in Britain 1991-2007," The Energy Journal, , vol. 34(4), pages 109-128, October.
    4. Martha Misas A. & Enrique López E. & Juan Carlos Parra A., 2013. "Price Formation in Colombian Firms: Evidence Gathered from a Direct Survey," Investigación Conjunta-Joint Research, in: Laura Inés D'Amato & Enrique López Enciso & María Teresa Ramírez Giraldo (ed.), Inflationary Dynamics, Persistence, and Prices and Wages Formation, edition 1, volume 1, chapter 11, pages 251-321, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    5. Pietro Bonaldi & Andrés González & Diego Rodríguez, 2010. "Importancia de las rigideces nominales y reales en Colombia: un enfoque de equilibrio general dinámico y estocástico," Borradores de Economia 591, Banco de la Republica de Colombia.
    6. Ghassibe, Mishel, 2021. "Monetary policy and production networks: an empirical investigation," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 21-39.
    7. Zsuzsanna Zsibók & Balázs Varga, 2012. "Inflation Persistence in Hungary: a Spatial Analysis," Working Papers 1203, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    8. Emmanuel Dhyne & Jerzy Konieczny & Fabio Rumler & Patrick Sevestre, 2009. "Price rigidity in the euro area - An assessment," European Economy - Economic Papers 2008 - 2015 380, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. Simionescu, Mihaela & Schneider, Nicolas & Gavurova, Beata, 2024. "A Bayesian vector-autoregressive application with time-varying parameters on the monetary shocks-production network nexus," LSE Research Online Documents on Economics 125580, London School of Economics and Political Science, LSE Library.
    10. Mark Bils & Peter J. Klenow & Benjamin A. Malin, 2009. "Reset price inflation and the impact of monetary policy shocks," Finance and Economics Discussion Series 2009-16, Board of Governors of the Federal Reserve System (U.S.).
    11. Jordi Galí, 2009. "The return of the wage Phillips curve," Economics Working Papers 1199, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2010.
    12. Marcelo Sánchez, 2011. "Oil shocks and endogenous markups: results from an estimated euro area DSGE model," International Economics and Economic Policy, Springer, vol. 8(3), pages 247-273, September.
    13. Etro, Federico & Rossi, Lorenza, 2015. "Optimal monetary policy under Calvo pricing with Bertrand competition," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 423-440.
    14. Cavallo, Alberto & Rigobon, Roberto, 2011. "The Distribution of the Size of Price Changes," Working Papers 2011-011, Banco Central de Reserva del Perú.
    15. Olivier J. Blanchard, 2008. "The State of Macro," NBER Working Papers 14259, National Bureau of Economic Research, Inc.
    16. Martha Misas A. & Enrique López E. & Juan Carlos Parra A., 2013. "La formación de precios en las empresas colombianas: evidencia a partir de una encuesta directa," Investigación Conjunta-Joint Research, in: Laura Inés D'Amato & Enrique López Enciso & María Teresa Ramírez Giraldo (ed.), Dinámica inflacionaria, persistencia y formación de precios y salarios, edition 1, chapter 11, pages 273-348, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    17. Solórzano, Diego, 2023. "Heterogeneous exchange rate pass-through in Mexico: What drives it?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(4).
    18. Carlos Viana de Carvalho & Niels Arne Dam & Jae Won Lee, 2014. "Real Rigidities and the Cross-Sectional Distribution of Price Stickiness: Evidence from Micro and Macro Data Combined," Textos para discussão 634, Department of Economics PUC-Rio (Brazil).
    19. Lloyd, T.A. & McCorriston, S. & Morgan, C.W. & Poen, E. & Zgovu, E., 2014. "Retail price dynamics and retailer heterogeneity: UK evidence," Economics Letters, Elsevier, vol. 124(3), pages 434-438.
    20. Peter J. Klenow & Benjamin A. Malin, 2010. "Microeconomic Evidence on Price-Setting," NBER Working Papers 15826, National Bureau of Economic Research, Inc.
    21. David Altig & Lawrence Christiano & Martin Eichenbaum & Jesper Linde, 2011. "Firm-Specific Capital, Nominal Rigidities and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(2), pages 225-247, April.
    22. Laura Inés D'Amato & Enrique López Enciso & María Teresa Ramírez Giraldo (ed.), 2013. "Inflationary Dynamics, Persistence, and Prices and Wages Formation," Investigación Conjunta-Joint Research, Centro de Estudios Monetarios Latinoamericanos, CEMLA, edition 1, volume 1, number 2en, December.
    23. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    24. Stylianos Asimakopoulos & Marco Lorusso & Luca Pieroni, 2021. "Can public spending boost private consumption?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(3), pages 1275-1313, November.
    25. Pirschel, Inske & Ahrens, Steffen & Snower, Dennis, 2013. "A Theory of Price Adjustment under Loss Aversion," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79793, Verein für Socialpolitik / German Economic Association.
    26. Schenkelberg, Heike, 2011. "Why are Prices Sticky? Evidence from Business Survey Data," Discussion Papers in Economics 12158, University of Munich, Department of Economics.
    27. Carlos Carvalho & Niels Arne Dam & Jae Won Lee, 2020. "The Cross-Sectional Distribution of Price Stickiness Implied by Aggregate Data," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 162-179, March.
    28. Juan Manuel Julio & Héctor Manuel Zárate & Manuel Dario Hernández, 2009. "The Stickiness of Colombian Consumer Prices," Borradores de Economia 578, Banco de la Republica de Colombia.
    29. Pinelopi K. Goldberg & Rebecca Hellerstein, 2009. "How rigid are producer prices?," Staff Reports 407, Federal Reserve Bank of New York.
    30. Huw Dixon & Kul Luintel & Kun Tian, 2020. "The Impact of the 2008 Crisis on UK Prices: What We Can Learn from the CPI Microdata," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(6), pages 1322-1341, December.
    31. Ysusi Carla, 2010. "Consumer Price Behavior in Mexico Under Inflation Targeting: A Microdata Approach," Working Papers 2010-09, Banco de México.
    32. Judith A. Chevalier & Anil K. Kashyap, 2011. "Best Prices," NBER Working Papers 16680, National Bureau of Economic Research, Inc.
    33. Yao, Fang, 2010. "Aggregate hazard function in price-setting: A bayesian analysis using macro data," SFB 649 Discussion Papers 2010-020, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    34. Robert Somogyi & Janos Vincze, 2011. "Price Rigidity and Strategic Uncertainty An Agent-based Approach," KRTK-KTI WORKING PAPERS 1135, Institute of Economics, Centre for Economic and Regional Studies.
    35. Purba Bhattacherjee & Sibanjan Mishra & Sang Hoon Kang, 2026. "Regime-sensitive dynamics in global ESG markets: Evidence from a Markov-Switching TVP-VAR model," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 50(1), pages 1-26, December.
    36. Etro, Federico & Rossi, Lorenza, 2015. "New-Keynesian Phillips curve with Bertrand competition and endogenous entry," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 318-340.
    37. Carlos Carvalho & Niels Arne Dam, 2009. "Estimating the cross-sectional distribution of price stickiness from aggregate data," Staff Reports 419, Federal Reserve Bank of New York.
    38. Heiner Mikosch, 2012. "Sticky Prices, Competition and the Phillips Curve," KOF Working papers 12-294, KOF Swiss Economic Institute, ETH Zurich.
    39. Axel Leijonhufvud, 2009. "Limits to the equilibrating capabilities of market systems," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 4(2), pages 173-182, November.
    40. Dedola, Luca & Gautier, Erwan & Nakov, Anton & Santoro, Sergio & De Veirman, Emmanuel & Henkel, Lukas & Fagandini, Bruno, 2023. "Some implications of micro price-setting evidence for inflation dynamics and monetary transmission," Occasional Paper Series 321, European Central Bank.
    41. Di Bartolomeo Giovanni & Tirelli Patrizio, 2016. "Public finance and the optimal inflation rate," wp.comunite 00128, Department of Communication, University of Teramo.

  21. Mackowiak, Bartosz & Wiederholt, Mirko, 2007. "Optimal Sticky Prices under Rational Inattention," CEPR Discussion Papers 6243, C.E.P.R. Discussion Papers.

    Cited by:

    1. F. Alvarez & F. Lippi & L. Paciello, 2010. "Optimal price setting with observation and menu costs," 2010 Meeting Papers 478, Society for Economic Dynamics.
    2. Paul De Grauwe, 2008. "Animal Spirits and Monetary Policy," CESifo Working Paper Series 2418, CESifo.
    3. George-Marios Angeletos & Luigi Iovino & Jennifer La'O, 2011. "Cycles, Gaps, and the Social Value of Information," NBER Working Papers 17229, National Bureau of Economic Research, Inc.
    4. Wei Li & Yulei Luo & Jun Nie, 2015. "Elastic attention, risk sharing, and international comovements," Research Working Paper RWP 15-16, Federal Reserve Bank of Kansas City.
    5. Ryan A Chahrour, 2011. "Transparency and Costly Information Acquisition," 2011 Meeting Papers 1221, Society for Economic Dynamics.
    6. Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2021. "Involuntary Unemployment and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 26-54, January.
    7. Fiorella De Fiore & Marco Jacopo Lombardi & Giacomo Mangiante, 2025. "The asymmetric and heterogeneous pass-through of input prices to firms' expectations and decisions," BIS Working Papers 1305, Bank for International Settlements.
    8. Tatsushi Okuda & Tomohiro Tsuruga, 2021. "Inflation Expectations and Central Bank Communication with Unknown Prior," IMES Discussion Paper Series 21-E-07, Institute for Monetary and Economic Studies, Bank of Japan.
    9. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    10. Etienne Gagnon & David López-Salido & Nicolas Vincent, 2012. "Individual Price Adjustment along the Extensive Margin," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 235-281, National Bureau of Economic Research, Inc.
    11. Christopher Roth & Sonja Settele & Johannes Wohlfahrt, 2022. "Risk Exposure and Acquisition of Macroeconomic Information," ECONtribute Discussion Papers Series 177, University of Bonn and University of Cologne, Germany.
    12. Roc Armenter & Michèle Müller-Itten & Zachary Strangebye, 2021. "Geometric Methods for Finite Rational Inattention," Working Papers 21-30, Federal Reserve Bank of Philadelphia.
    13. Hobler, Stephan, 2022. "Multi-layered rational inattention and time-varying volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    14. Khaw, Mel Win & Stevens, Luminita & Woodford, Michael, 2017. "Discrete adjustment to a changing environment: Experimental evidence," Journal of Monetary Economics, Elsevier, vol. 91(C), pages 88-103.
    15. Sarah Arndt & Zeno Enders, 2023. "The Transmission of Supply Shocks in Different Inflation Regimes," CESifo Working Paper Series 10839, CESifo.
    16. Bodo Herzog, 2021. "Sustainable Consumer Tax Evasion Theory under Information Inattention," Sustainability, MDPI, vol. 13(2), pages 1-13, January.
    17. Mineyama, Tomohide & Tokuoka, Kiichi, 2025. "Investigating how inflation expectations affect precautionary wealth," Japan and the World Economy, Elsevier, vol. 73(C).
    18. Levenko, Natalia, 2020. "Rounding bias in forecast uncertainty," Research in Economics, Elsevier, vol. 74(4), pages 277-291.
    19. Ángelo Gutiérrez-Daza, 2024. "Business Cycles when Consumers Learn by Shopping," Working Papers 2024-12, Banco de México.
    20. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Studying Information Acquisition in the Field: A Practical Guide and Review," ECONtribute Discussion Papers Series 124, University of Bonn and University of Cologne, Germany.
    21. Serafin Frache & Rodrigo Lluberas, 2019. "New information and inflation expectations among firms," BIS Working Papers 781, Bank for International Settlements.
    22. Osnat Zohar, 2021. "Cyclicality of Uncertainty and Disagreement," Bank of Israel Working Papers 2021.09, Bank of Israel.
    23. Heiner Mikosch & Christopher Roth & Samad Sarferaz & Johannes Wohlfart, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," ECONtribute Discussion Papers Series 129, University of Bonn and University of Cologne, Germany.
    24. Johannes Johnen, 2019. "Automatic‐renewal contracts with heterogeneous consumer inertia," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 28(4), pages 765-786, November.
    25. Coibion, Olivier & Gorodnichenko, Yuriy & Kumar, Saten & Ryngaert, Jane, 2021. "Do You Know that I Know that You Know…? Higher-Order Beliefs in Survey Data," Department of Economics, Working Paper Series qt5cd1r3bd, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    26. Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
    27. Glas, Alexander & Heinisch, Katja, 2023. "Conditional macroeconomic survey forecasts: Revisions and errors," Journal of International Money and Finance, Elsevier, vol. 138(C).
    28. 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.
    29. Dominik Naeher, 2023. "The Social Planning Problem with Costly Information Processing: Towards Understanding Production Decisions in Centralized Economies," Economica, London School of Economics and Political Science, vol. 90(357), pages 285-314, January.
    30. Mu, Congming & Yang, Jinqiang & Zhang, Yuhua, 2020. "Investment timing with information-processing constraints," Finance Research Letters, Elsevier, vol. 32(C).
    31. Ryo Kato & Tatsushi Okuda, 2017. "Market Concentration and Sectoral Inflation under Imperfect Common Knowledge," IMES Discussion Paper Series 17-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
    32. Serafin Frache & Rodrigo Lluberas & Javier Turen, 2021. "Belief-Dependent Pricing Decisions," Documentos de Trabajo 564, Instituto de Economia. Pontificia Universidad Católica de Chile..
    33. M. Ayhan Kose & Hideaki Matsuoka & Ugo Panizza & Dana Vorisek, 2019. "Inflation Expectations: Review and Evidence," Koç University-TUSIAD Economic Research Forum Working Papers 1904, Koc University-TUSIAD Economic Research Forum.
    34. Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2019. "Monetary policy announcements and expectations: Evidence from german firms," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 45-63.
    35. Raphael Schoenle & Ernesto Pasten, 2015. "Rational Inattention, Multi-Product Firms and the Neutrality of Money," Working Papers 91, Brandeis University, Department of Economics and International Business School.
    36. Kondor, Peter & Zawadowski, Adam, 2016. "Learning in crowded markets," LSE Research Online Documents on Economics 118972, London School of Economics and Political Science, LSE Library.
    37. Drakos, Konstantinos & Konstantinou, Panagiotis Th. & Thoma, Foteini-Anna, 2020. "Inflation uncertainty and inflation expectations: Micro-level evidence from the eurozone," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    38. Martin S. Eichenbaum & Nir Jaimovich & Sergio Rebelo & Josephine Smith, 2012. "How Frequent Are Small Price Changes?," NBER Working Papers 17956, National Bureau of Economic Research, Inc.
    39. Artem Kuriksha, 2021. "An Economy of Neural Networks: Learning from Heterogeneous Experiences," Papers 2110.11582, arXiv.org.
    40. Föllmi, Reto & Minsch, Rudolf & Schnell, Fabian, 2016. "What Determines Price Changes and the Distribution of Prices? Evidence from the Swiss CPI," Economics Working Paper Series 1610, University of St. Gallen, School of Economics and Political Science.
    41. Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Kiichi Tokuoka & Matthew N. White, 2020. "Sticky Expectations and Consumption Dynamics," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(3), pages 40-76, July.
    42. George-Marios Angeletos & Chen Lian, 2018. "Forward Guidance without Common Knowledge," American Economic Review, American Economic Association, vol. 108(9), pages 2477-2512, September.
    43. Jianjun Miao & Dongling Su, 2023. "Asset market equilibrium under rational inattention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 1-30, January.
    44. Kim, Duk Gyoo & Yoon, Yeochang, 2019. "A theory of FAQs: Public announcements with rational ignorance," Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 560-574.
    45. Bo, Shiyu & Deng, Liuchun & Sun, Yufeng & Wang, Boqun, 2021. "Intergovernmental communication under decentralization," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 606-652.
    46. Paul Hubert & Harun Mirza, 2019. "The role of forward- and backward-looking information for inflation expectations formation," Sciences Po Economics Publications (main) hal-03403616, HAL.
    47. Dixon, Huw D. & Grimme, Christian, 2022. "State-dependent or time-dependent pricing? New evidence from a monthly firm-level survey: 1980–2017," European Economic Review, Elsevier, vol. 150(C).
    48. Karadi, Peter & Reiff, Adam, 2012. "Large shocks in menu cost models," Working Paper Series 1453, European Central Bank.
    49. Olivier Coibion & Yuriy Gorodnichenko & Saten Kumar, 2015. "How Do Firms Form Their Expectations? New Survey Evidence," NBER Working Papers 21092, National Bureau of Economic Research, Inc.
    50. Silvia Miranda-Agrippino & Giovanni Ricco, 2017. "The transmission of monetary policy shocks," Bank of England working papers 657, Bank of England.
    51. Elisabeth Falck & Mathias Hoffmann & Patrick Hürtgen, 2018. "Disagreement and Monetary Policy," 2018 Meeting Papers 655, Society for Economic Dynamics.
    52. Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2019. "Micro Jumps, Macro Humps: monetary policy and business cycles in an estimated HANK model," 2019 Meeting Papers 1449, Society for Economic Dynamics.
    53. Jörg Döpke & Ulrich Fritsche & Gabi Waldhof, 2017. "Theories, techniques and the formation of German business cycle forecasts: Evidence from a survey among professional forecasters," Working Papers 2017-002, The George Washington University, The Center for Economic Research.
    54. Nilsen, Øivind A. & Pettersen, Per Marius & Bratlie, Joakim, 2018. "Time-Dependency in Producers’ Price Adjustments: Evidence from Micro Panel Data," Discussion Paper Series in Economics 12/2018, Norwegian School of Economics, Department of Economics.
    55. Javier Turén, 2019. "Rational Inattention-driven dispersion with volatility shocks," Documentos de Trabajo 530, Instituto de Economia. Pontificia Universidad Católica de Chile..
    56. Volha Audzei & Sergey Slobodyan, 2018. "Sparse Restricted Perception Equilibrium," Working Papers 2018/8, Czech National Bank, Research and Statistics Department.
    57. Wenting Song & Samuel Stern, 2022. "Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach," Staff Working Papers 22-3, Bank of Canada.
    58. Luigi Paciello, 2012. "Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(7), pages 1375-1399, October.
    59. Tufan Ekici & Martin Geiger & Marios Zachariadis, 2024. "Understanding Expectations Formation for Hand-to-Mouth Households: Lessons from the Financial Crisis," University of Cyprus Working Papers in Economics 05-2024, University of Cyprus Department of Economics, revised 05 Nov 2024.
    60. Maryam Farboodi & Adrien Matray & Laura Veldkamp & Venky Venkateswaran, 2022. "Where Has All the Data Gone?," The Review of Financial Studies, Society for Financial Studies, vol. 35(7), pages 3101-3138.
    61. Hur, Joonyoung, 2018. "Time-varying information rigidities and fluctuations in professional forecasters' disagreement," Economic Modelling, Elsevier, vol. 75(C), pages 117-131.
    62. Giacomini, Raffaella & Skreta, Vasiliki & Turen, Javier, 2016. "Models, inattention and expectation updates," LSE Research Online Documents on Economics 86245, London School of Economics and Political Science, LSE Library.
    63. J. Daniel Aromí & Martín Llada, 2024. "Are professional forecasters inattentive to public discussions about inflation? The case of Argentina," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(7), pages 2572-2587, November.
    64. Hoffmann, Mathias & Mönch, Emanuel & Pavlova, Lora & Schultefrankenfeld, Guido, 2025. "A KISS for central bank communication in times of high inflation," Discussion Papers 12/2025, Deutsche Bundesbank.
    65. Miranda-Agrippino, Silvia & Hacıoglu Hoke, Sinem, 2018. "When creativity strikes: news shocks and business cycle fluctuations," LSE Research Online Documents on Economics 90381, London School of Economics and Political Science, LSE Library.
    66. Hassan Afrouzi & Laura Veldkamp, 2019. "Biased Inflation Forecasts," 2019 Meeting Papers 894, Society for Economic Dynamics.
    67. Candian, Giacomo, 2021. "Central bank transparency, exchange rates, and demand imbalances," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 90-107.
    68. Yin, Penghui, 2021. "Optimal attention and heterogeneous precautionary saving behavior," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
    69. Matějka, Filip, 2015. "Rigid pricing and rationally inattentive consumer," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 656-678.
    70. Chakraborty, Ratula & Dobson, Paul W. & Seaton, Jonathan S. & Waterson, Michael, 2015. "Pricing in inflationary times: The penny drops," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 71-86.
    71. Yulei Luo & Eric R. Young, 2014. "Signal Extraction And Rational Inattention," Economic Inquiry, Western Economic Association International, vol. 52(2), pages 811-829, April.
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  22. Maćkowiak, Bartosz, 2006. "External shocks, US monetary policy and macroeconomic fluctuations in merging markets," SFB 649 Discussion Papers 2006-026, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Sungurtekin Hallam, Bahar, 2022. "Emerging market responses to external shocks: A cross-country analysis," Economic Modelling, Elsevier, vol. 115(C).
    2. Barišić, Patrik & Kovač, Tibor & Arčabić, Vladimir, 2023. "More than just supply and demand: Macroeconomic shock decomposition in Croatia during and after the transition period," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 420-438.
    3. Ozge Akinci, 2013. "Global financial conditions, country spreads and macroeconomic fluctuations in emerging countries," International Finance Discussion Papers 1085, Board of Governors of the Federal Reserve System (U.S.).
    4. Karali, Berna & Ramirez, Octavio A., 2014. "Macro determinants of volatility and volatility spillover in energy markets," Energy Economics, Elsevier, vol. 46(C), pages 413-421.
    5. Azad, Nahiyan Faisal & Serletis, Apostolos, 2022. "Spillovers of U.S. monetary policy uncertainty on inflation targeting emerging economies," Emerging Markets Review, Elsevier, vol. 51(PA).
    6. Yildirim, Zekeriya & Arifli, Arif, 2021. "Oil price shocks, exchange rate and macroeconomic fluctuations in a small oil-exporting economy," Energy, Elsevier, vol. 219(C).
    7. Han Gao & Minming Lan & Jie Li & Tianhang Zhou, 2024. "Economic policy uncertainty and local government debt: Evidence from China," Kyklos, Wiley Blackwell, vol. 77(4), pages 1103-1141, November.
    8. Steven Wei Ho & Ji Zhang & Hao Zhou, 2018. "Hot Money and Quantitative Easing: The Spillover Effects of U.S. Monetary Policy on the Chinese Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(7), pages 1543-1569, October.
    9. Sato, K. & Zhang, Z. & McAleer, M.J., 2009. "Identifying Shocks in Regionally Integrated East Asian Economies with Structural VaR and Block Exogeneity," Econometric Institute Research Papers EI 2009-49, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    10. Fatih Ozatay & Erdal Ozmen & Gülbin Sahinbeyoglu, 2007. "Emerging Market Sovereign Spreads, Global Financial Conditions and U.S. Macroeconomic News," ERC Working Papers 0707, ERC - Economic Research Center, Middle East Technical University, revised Dec 2007.
    11. Wei Sun & Kuhelika De, 2019. "Real Exchange Rate, Monetary Policy, And The U.S. Economy: Evidence From A Favar Model," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 552-568, January.
    12. Neville Francis & Michael T. Owyang & Daniel Soques, 2015. "Does the United States Lead Foreign Business Cycles?," Review, Federal Reserve Bank of St. Louis, vol. 97(2), pages 133-158.
    13. Katharina Bergant & Francesco Grigoli & Niels‐Jakob Hansen & Damiano Sandri, 2024. "Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(6), pages 1405-1438, September.
    14. Chang, Kuang Liang & Chen, Nan Kuang & Leung, Charles Ka Yui, 2011. "The Dynamics of Housing Returns in Singapore: How Important are the International Transmission Mechanisms?," MPRA Paper 32255, University Library of Munich, Germany.
    15. Erdem, F. Pinar & Geyikci, Utku Bora, 2021. "Local, global and regional shocks indices in emerging exchange rate markets," International Review of Economics & Finance, Elsevier, vol. 73(C), pages 98-113.
    16. Ibrahim Alnafrah & Sulaiman Mouselli, 2024. "Testing the External Shock Narrative of the Conflict on Transition Towards Knowledge Economy in Syria," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 958-991, March.
    17. Agnese, Pablo & Rios, Francisco, 2024. "Spillover effects of energy transition metals in Chile," Energy Economics, Elsevier, vol. 134(C).
    18. Jianjun Miao & Pengfei Wang & Jing Zhou, 2022. "Asset Bubbles and Foreign Interest Rate Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 315-348, April.
    19. Hangyu Lee, 2014. "International Interest Rate Shocks and Monetary Policy in a Small Open Economy," Korean Economic Review, Korean Economic Association, vol. 30, pages 217-246.
    20. Jean-Pierre Allegret & Cécile Couharde & Cyriac Guillaumin, 2012. "The Impact of External Shocks in East Asia: Lessons from a Structural VAR Model with Block Exogeneity," Post-Print hal-01385863, HAL.
    21. Ahmed, Walid M.A., 2020. "Stock market reactions to domestic sentiment: Panel CS-ARDL evidence," Research in International Business and Finance, Elsevier, vol. 54(C).
    22. Tng & Kwek, 2015. "Financial stress, economic activity and monetary policy in the ASEAN-5 economies," Applied Economics, Taylor & Francis Journals, vol. 47(48), pages 5169-5185, October.
    23. Matteo Luciani & Madhavi Pundit & Arief Ramayandi & Giovanni Veronese, 2015. "Nowcasting Indonesia," ADB Economics Working Paper Series 471, Asian Development Bank.
    24. Cheng, Penghao & You, Yu, 2025. "U.S. monetary policy spillovers to emerging market countries: Responses to cost-push and natural rate shocks," Economic Modelling, Elsevier, vol. 143(C).
    25. Nguyen, Thao Thac Thanh & Pham, Son Duy & Li, Xiao-Ming & Do, Hung Xuan, 2024. "Does the U.S. export inflation? Evidence from the dynamic inflation spillover between the U.S. and EAGLEs," International Review of Economics & Finance, Elsevier, vol. 94(C).
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    28. Allegret, Jean-Pierre & Sand-Zantman, Alain, 2009. "Does a Monetary Union protect against external shocks?: An assessment of Latin American integration," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 102-118.
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    32. Ahmed, Rashad, 2023. "Flights-to-safety and macroeconomic adjustment in emerging markets: The role of U.S. monetary policy," Journal of International Money and Finance, Elsevier, vol. 133(C).
    33. Babecká Kucharčuková, Oxana & Claeys, Peter & Vašíček, Bořek, 2016. "Spillover of the ECB's monetary policy outside the euro area: How different is conventional from unconventional policy?," Journal of Policy Modeling, Elsevier, vol. 38(2), pages 199-225.
    34. Basu, Parantap & Lee, Yongdae & Reinhorn, Leslie J., 2025. "A monetary policy accordion: Why do central banks from different countries expand and contract together?," Journal of Macroeconomics, Elsevier, vol. 86(C).
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    37. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    38. Horvath, Jaroslav & Zhong, Jiansheng, 2019. "Unemployment dynamics in emerging countries: Monetary policy and external shocks," Economic Modelling, Elsevier, vol. 76(C), pages 31-49.
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    43. Byrne, Joseph P. & Fiess, Norbert, 2016. "International capital flows to emerging markets: National and global determinants," Journal of International Money and Finance, Elsevier, vol. 61(C), pages 82-100.
    44. Vrinda Gupta & Amlendu Dubey, 2024. "US monetary policy, the global financial cycle and cross-country financial cycles," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(4), pages 999-1019, December.
    45. Reyes-Heroles, Ricardo & Tenorio, Gabriel, 2019. "Regime-switching in emerging market business cycles: Interest rate volatility and sudden stops," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 81-100.
    46. Oladunni, Sunday, 2019. "External Shocks and Business Cycle Fluctuations in Oil-exporting Small Open Economies: The Case of Nigeria," MPRA Paper 98639, University Library of Munich, Germany.
    47. Roman Horv??th & Marek Rusn??k, 2008. "How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia," William Davidson Institute Working Papers Series wp933, William Davidson Institute at the University of Michigan.
    48. Thi-Ngoc Anh NGUYEN & Kiyotaka SATO, 2015. "Asymmetric Exchange Rate Pass-Through in Japanese Exports: Application of the threshold vector autoregressive model," Discussion papers 15098, Research Institute of Economy, Trade and Industry (RIETI).
    49. Deng, Wei & Gao, Lei & Xing, Fei & Yang, Ming, 2023. "Economic policy uncertainty, bank deposits, and liability structure," Emerging Markets Review, Elsevier, vol. 55(C).
    50. Wang, Yizhong & Chen, Carl R. & Chen, Lifang & Huang, Ying Sophie, 2016. "Overinvestment, inflation uncertainty, and managerial overconfidence: Firm level analysis of Chinese corporations," The North American Journal of Economics and Finance, Elsevier, vol. 38(C), pages 54-69.
    51. Yildirim, Zekeriya & Guloglu, Hasan, 2024. "Macro-financial transmission of global oil shocks to BRIC countries — International financial (uncertainty) conditions matter," Energy, Elsevier, vol. 306(C).
    52. Hakan Yilmazkuday, 2022. "COVID-19 and Exchange Rates: Spillover Effects of U.S. Monetary Policy," Working Papers 2210, Florida International University, Department of Economics.
    53. In Huh & Ju Hyun Pyun, 2018. "Does Nuclear Uncertainty Threaten Financial Markets? The Attention Paid to North Korean Nuclear Threats and Its Impact on South Korea's Financial Markets," Asian Economic Journal, East Asian Economic Association, vol. 32(1), pages 55-82, March.
    54. Dong, Feng & Mei, Dongzhou & Xiao, Zehua, 2025. "Asset bubbles and financial frictions in small open economies☆," Journal of International Money and Finance, Elsevier, vol. 150(C).
    55. Jean-Pierre Allégret & Alain Sand-Zantman, 2008. "Does a Monetary Union protect again foreign shocks? An assessment of Latin American integration using a Bayesian VAR," Working Papers 0809, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon.
    56. Myunghyun Kim, 2022. "Transmission of U.S. Monetary Policy to Commodity Exporters and Importers," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 152-167, January.
    57. Mohd Azlan Shah Saidi & Zulkefly Abdul Karim & Zurina Kefeli@Zulkefli, 2018. "Impact of China on Malaysian Economy: Empirical Evidence of Sign-Restricted Structural Vector Autoregression (SVAR) Model," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 14(2), pages 25-44.
    58. Taku Moriyama & Masashi Kuwano, 2022. "Causal inference for contemporaneous effects and its application to tourism product sales data," Journal of Marketing Analytics, Palgrave Macmillan, vol. 10(3), pages 250-260, September.
    59. Alam, Aftab & Ma, Jingmei & Hussain, Ibrar, 2024. "China’s macroeconomic performance affects trading partners: How can their policies respond?," Journal of Policy Modeling, Elsevier, vol. 46(2), pages 448-474.
    60. Carsten M. Stann & Theocharis N. Grigoriadis, 2020. "Monetary Policy Transmission to Russia and Eastern Europe," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(2), pages 303-353, June.
    61. Masami Imai & Seitaro Takarabe, 2009. "Bank Integration and Local Credit Cycle:Evidence from Japan," Wesleyan Economics Working Papers 2009-002, Wesleyan University, Department of Economics.
    62. Fornero, Jorge & Kirchner, Markus & Molina, Carlos, 2024. "Estimating shadow policy rates in a small open economy and the role of foreign factors," Journal of International Money and Finance, Elsevier, vol. 140(C).
    63. Hanisch, Max, 2019. "US monetary policy and the euro area," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 77-96.
    64. Vikram Rai & Lena Suchanek, 2014. "The Effect of the Federal Reserve’s Tapering Announcements on Emerging Markets," Staff Working Papers 14-50, Bank of Canada.
    65. Jaroslav Horvath & Guanyi Yang, 2024. "Global Financial Risk, Equity Returns and Economic Activity in Emerging Countries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(3), pages 672-689, June.
    66. Fernández, Andrés & González, Andrés & Rodríguez, Diego, 2018. "Sharing a ride on the commodities roller coaster: Common factors in business cycles of emerging economies," Journal of International Economics, Elsevier, vol. 111(C), pages 99-121.
    67. Iyke, Bernard Njindan & Maheepala, M.M.J.D., 2022. "Conventional monetary policy, COVID-19, and stock markets in emerging economies," Pacific-Basin Finance Journal, Elsevier, vol. 76(C).
    68. Arpita Chatterjee & Richa Saraf, 2024. "Impact of China on commodity exporters," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 1462-1491, August.
    69. Rövekamp, Ingmar, 2019. "US Monetary Policy and the Stability of Currency Pegs," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203525, Verein für Socialpolitik / German Economic Association.
    70. Bajaj, Yukti & Kashiramka, Smita & Singh, Shveta, 2021. "Economic policy uncertainty and leverage dynamics: Evidence from an emerging economy," International Review of Financial Analysis, Elsevier, vol. 77(C).
    71. Lee, Seungyoon & Bowdler, Christopher, 2020. "US monetary policy and global banking flows," Journal of International Money and Finance, Elsevier, vol. 103(C).
    72. Cui, Xin & Wang, Chunfeng & Liao, Jing & Fang, Zhenming & Cheng, Feiyang, 2021. "Economic policy uncertainty exposure and corporate innovation investment: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    73. Zekeriya Yildirim & Mehmet Ivrendi, 2021. "Spillovers of US unconventional monetary policy: quantitative easing, spreads, and international financial markets," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-38, December.
    74. Saba Ndayezhin Danladi, 2022. "Spillover Effects of US Monetary Policy and Macreconomic Conditions in Nigeria: Evidence from Time-Varying Parameter Structural Vector Autoregression (TVP-SVAR)," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 101-120.
    75. Gao, Jieying & Qin, Qi & Zhou, Shengjie, 2025. "Spillover effects of US economic policy uncertainty on emerging markets: Evidence from transnational supply chains," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 100(C).
    76. Flaccadoro, Marco & Nispi Landi, Valerio, 2025. "Foreign monetary policy and domestic inflation in emerging markets," Journal of International Money and Finance, Elsevier, vol. 159(C).
    77. Nikola Bokan & Lovorka Grgurić & Ivo Krznar & Maroje Lang, 2009. "The Impact of the Financial Crisis and Policy Responses in Croatia," Working Papers 22, The Croatian National Bank, Croatia.
    78. Fabio Canova, 2005. "The transmission of US shocks to Latin America," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(2), pages 229-251.
    79. Armelius, Hanna & Bertsch, Christoph & Hull, Isaiah & Zhang, Xin, 2020. "Spread the Word: International spillovers from central bank communication," Journal of International Money and Finance, Elsevier, vol. 103(C).
    80. Myunghyun Kim, 2024. "Population Aging and International Monetary Transmission," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(1), pages 279-304, February.
    81. Ledóchowski, Michał & Żuk, Piotr, 2022. "What drives portfolio capital inflows into emerging market economies? The role of the Fed's and ECB's balance sheet policies," Emerging Markets Review, Elsevier, vol. 51(PB).
    82. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy shocks and firm investment decisions: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    83. Jamshaid Ur Rehman & Sehrish Fareen & Shabbir Ahmad & Aftab Anwar, 2022. "Dynamic Impact Of External Shocks On Macroeconomic Fundamentals Of Selected South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(1), pages 197-207.
    84. Simohammed, Kamel & Benhabib, Abderrezzak & Maliki, Samir, 2015. "The Impact of Oil Prices on Macroeconomic Fundamentals, Monetary Policy and Stock Market for eight Middle East and North African Countries," MPRA Paper 75278, University Library of Munich, Germany.
    85. Timmer, Yannick, 2018. "Emerging market corporate bond yields and monetary policy," Emerging Markets Review, Elsevier, vol. 36(C), pages 130-143.
    86. Wen, Fenghua & Shui, Aojie & Cheng, Yuxiang & Gong, Xu, 2022. "Monetary policy uncertainty and stock returns in G7 and BRICS countries: A quantile-on-quantile approach," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 457-482.
    87. Marta Bañbura & Domenico Giannone & Lucrezia Reichlin, 2008. "Large Bayesian VARs," Working Papers ECARES 2008_033, ULB -- Universite Libre de Bruxelles.
    88. Silva, Felipe Bastos Gurgel, 2021. "Fiscal Deficits, Bank Credit Risk, and Loan-Loss Provisions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(5), pages 1537-1589, August.
    89. Mohammad Naim Azimi, 2016. "Assessing the Exchange Rate Volatility as an External Shock to Chinese Economy," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(5), pages 277-285, May.
    90. Rasaki, Mutiu Gbade & Malikane, Christopher, 2015. "Macroeconomic shocks and fluctuations in African economies," Economic Systems, Elsevier, vol. 39(4), pages 675-696.
    91. Roevekamp, Ingmar, 2021. "The impact of US monetary policy on managed exchange rates and currency peg regimes," Journal of International Money and Finance, Elsevier, vol. 110(C).
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  23. Bartosz Mackowiak & Mirko Wiederholt, 2006. "Macroeconomic Dynamics under Rational Inattention," Computing in Economics and Finance 2006 443, Society for Computational Economics.

    Cited by:

    1. Guido Lorenzoni, 2009. "A Theory of Demand Shocks," American Economic Review, American Economic Association, vol. 99(5), pages 2050-2084, December.

  24. Maćkowiak, Bartosz, 2006. "Macroeconomic regime switches and speculative attacks," SFB 649 Discussion Papers 2006-025, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Ravn, Søren Hove, 2014. "Asymmetric monetary policy towards the stock market: A DSGE approach," Journal of Macroeconomics, Elsevier, vol. 39(PA), pages 24-41.
    2. Giancarlo Corsetti & Bartosz Maćkowiak, 2024. "Gambling to Preserve Price (and Fiscal) Stability," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 32-57, March.

  25. Maćkowiak, Bartosz, 2006. "Macroeconomic regime switches and speculative attacks," SFB 649 Discussion Papers 2006-025, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Troy Davig & Eric M. Leeper, 2006. "Endogenous Monetary Policy Regime Change," NBER Working Papers 12405, National Bureau of Economic Research, Inc.
    2. Ravn, Søren Hove, 2014. "Asymmetric monetary policy towards the stock market: A DSGE approach," Journal of Macroeconomics, Elsevier, vol. 39(PA), pages 24-41.
    3. Richhild Moessner, 2006. "Optimal discretionary policy in rational expectations models with regime switching," Bank of England working papers 299, Bank of England.
    4. Hess Chung & Troy Davig & Eric M. Leeper, 2007. "Monetary and Fiscal Policy Switching," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(4), pages 809-842, June.
    5. Giancarlo Corsetti & Bartosz Maćkowiak, 2024. "Gambling to Preserve Price (and Fiscal) Stability," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 32-57, March.

  26. Maćkowiak, Bartosz, 2005. "What does the Bank of Japan do to East Asia?," SFB 649 Discussion Papers 2005-059, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2011. "Fiscal Policy Discretion, Private Spending, and Crisis Episodes," NIPE Working Papers 31/2011, NIPE - Universidade do Minho.
    2. Konstantins Benkovskis & Andrejs Bessonovs & Martin Feldkircher & Julia Wörz, 2011. "The Transmission of Euro Area Monetary Shocks to the Czech Republic, Poland and Hungary: Evidence from a FAVAR Model," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 8-36.
    3. Haidar, Jamal Ibrahim, 2012. "Currency Crisis Transmission through International Trade," MPRA Paper 112122, University Library of Munich, Germany.
    4. Luca Agnello & Davide Furceri & Ricardo Sousa, 2013. "Discretionary Government Consumption, Private Domestic Demand, and Crisis Episodes," Open Economies Review, Springer, vol. 24(1), pages 79-100, February.
    5. Jannsen, Nils & Klein, Melanie, 2011. "The international transmission of euro area monetary policy shocks," Kiel Working Papers 1718, Kiel Institute for the World Economy.
    6. Nilufer Ozdemir, 2013. "Effects of Monetary Policy Coordination on Small Open Economies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(3), pages 124-136, May.
    7. Tomasz Koluk & Aaron Mehrotra, 2009. "The impact of Chinese monetary policy shocks on East and South‐East Asia1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(1), pages 121-145, January.
    8. Kronick, Jeremy, 2014. "Monetary Policy Shocks from the EU and US: Implications for Sub-Saharan Africa," MPRA Paper 59416, University Library of Munich, Germany.
    9. Shiu‐Sheng Chen & Tzu‐Yu Lin, 2019. "Do Exchange Rate Shocks Have Asymmetric Effects on Reserve Accumulation? Evidence from Emerging Markets," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(4), pages 1561-1586, October.
    10. Johansson, Anders C., 2010. "China’s Growing Influence in Southeast Asia - Monetary Policy and Equity Markets," Working Paper Series 2010-16, Stockholm School of Economics, China Economic Research Center.
    11. Roman Horváth & Marek Rusnák, 2008. "How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia," Working Papers IES 2008/21, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2008.
    12. Mohd Azlan Shah Saidi & Zulkefly Abdul Karim & Zurina Kefeli@Zulkefli, 2018. "Impact of China on Malaysian Economy: Empirical Evidence of Sign-Restricted Structural Vector Autoregression (SVAR) Model," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 14(2), pages 25-44.
    13. Kozluk, Tomasz & Mehrotra, Aaron, 2008. "The impact of Chinese monetary policy shocks on East Asia," BOFIT Discussion Papers 5/2008, Bank of Finland Institute for Emerging Economies (BOFIT).
    14. Yoshiyuki Fukuda & Yuki Kimura & Nao Sudo & Hiroshi Ugai, 2013. "Cross-country Transmission Effect of the U.S. Monetary Shock under Global Integration," Bank of Japan Working Paper Series 13-E-16, Bank of Japan.
    15. Arpita Chatterjee & Richa Saraf, 2024. "Impact of China on commodity exporters," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 1462-1491, August.
    16. Mark M. Spiegel & Andrew Tai, 2017. "International Transmission of Japanese Monetary Shocks Under Low and Negative Interest Rates: A Global Favar Approach," Working Paper Series 2017-8, Federal Reserve Bank of San Francisco.
    17. Marta Banbura & Domenico Giannone & Lucrezia Reichlin, 2010. "Large Bayesian vector auto regressions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(1), pages 71-92.

  27. Maćkowiak, Bartosz, 2005. "How much of the macroeconomic variation in Eastern Europe is attributable to external shocks," SFB 649 Discussion Papers 2005-061, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Barišić, Patrik & Kovač, Tibor & Arčabić, Vladimir, 2023. "More than just supply and demand: Macroeconomic shock decomposition in Croatia during and after the transition period," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 420-438.
    2. István Ábel & Pierre Siklos, 2023. "Macroeconomic Risks and Monetary Policy in Central European Countries: Parallels in the Czech Republic, Hungary, and Poland," Risks, MDPI, vol. 11(11), pages 1-26, November.
    3. Konečný, Tomáš & Babecká Kucharčuková, Oxana, 2014. "Credit spreads and the links between the financial and real sectors in a small open economy: the case of the Czech Republic," Working Paper Series 1730, European Central Bank.
    4. Katarzyna Kubiszewska, 2013. "Economic Crisis In Croatia," Oeconomia Copernicana, Institute of Economic Research, vol. 4(2), pages 57-72, June.
    5. Svitlana Maksymenko, 2015. "The Cost of Euro Adoption in Poland," Working Paper 5779, Department of Economics, University of Pittsburgh.
    6. Babecká Kucharčuková, Oxana & Claeys, Peter & Vašíček, Bořek, 2016. "Spillover of the ECB's monetary policy outside the euro area: How different is conventional from unconventional policy?," Journal of Policy Modeling, Elsevier, vol. 38(2), pages 199-225.
    7. Martin Feldkircher, 2013. "A Global Macro Model for Emerging Europe," Working Papers 185, Oesterreichische Nationalbank (Austrian Central Bank).
    8. Nazmus Sadat Khan, 2020. "Propagation of economic shocks from Russia and Western European countries to CEE-Baltic countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(3), pages 489-512, September.
    9. Deskar-Škrbić, Milan & Kotarac, Karlo & Kunovac, Davor, 2020. "The third round of euro area enlargement: Are the candidates ready?," Journal of International Money and Finance, Elsevier, vol. 107(C).
    10. Aleksandra Halka & Grzegorz Szafrański, 2014. "What common factors are driving inflation in CEE countries?," EcoMod2014 6977, EcoMod.
    11. Slavov, Slavi T., 2008. "Measuring and modeling the effects of G-3 exchange rate fluctuations on small open economies: A natural experiment," Economic Systems, Elsevier, vol. 32(3), pages 253-273, September.

  28. Maćkowiak, Bartosz, 2005. "What does the Bank of Japan do to East Asia?," SFB 649 Discussion Papers 2005-059, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Luca Agnello & Davide Furceri & Ricardo M. Sousa, 2011. "Fiscal Policy Discretion, Private Spending, and Crisis Episodes," NIPE Working Papers 31/2011, NIPE - Universidade do Minho.
    2. Konstantins Benkovskis & Andrejs Bessonovs & Martin Feldkircher & Julia Wörz, 2011. "The Transmission of Euro Area Monetary Shocks to the Czech Republic, Poland and Hungary: Evidence from a FAVAR Model," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 8-36.
    3. Fabio Canova & Carlo Favero, 2005. "Monetary policy in the Euro area: Lessons from 5 years of ECB and implications for Turkey," Economics Working Papers 922, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Haidar, Jamal Ibrahim, 2012. "Currency Crisis Transmission through International Trade," MPRA Paper 112122, University Library of Munich, Germany.
    5. Luca Agnello & Davide Furceri & Ricardo Sousa, 2013. "Discretionary Government Consumption, Private Domestic Demand, and Crisis Episodes," Open Economies Review, Springer, vol. 24(1), pages 79-100, February.
    6. Jannsen, Nils & Klein, Melanie, 2011. "The international transmission of euro area monetary policy shocks," Kiel Working Papers 1718, Kiel Institute for the World Economy.
    7. Nilufer Ozdemir, 2013. "Effects of Monetary Policy Coordination on Small Open Economies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(3), pages 124-136, May.
    8. Tomasz Koluk & Aaron Mehrotra, 2009. "The impact of Chinese monetary policy shocks on East and South‐East Asia1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(1), pages 121-145, January.
    9. Kronick, Jeremy, 2014. "Monetary Policy Shocks from the EU and US: Implications for Sub-Saharan Africa," MPRA Paper 59416, University Library of Munich, Germany.
    10. Shiu‐Sheng Chen & Tzu‐Yu Lin, 2019. "Do Exchange Rate Shocks Have Asymmetric Effects on Reserve Accumulation? Evidence from Emerging Markets," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(4), pages 1561-1586, October.
    11. Johansson, Anders C., 2010. "China’s Growing Influence in Southeast Asia - Monetary Policy and Equity Markets," Working Paper Series 2010-16, Stockholm School of Economics, China Economic Research Center.
    12. Roman Horváth & Marek Rusnák, 2008. "How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia," Working Papers IES 2008/21, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2008.
    13. Mohd Azlan Shah Saidi & Zulkefly Abdul Karim & Zurina Kefeli@Zulkefli, 2018. "Impact of China on Malaysian Economy: Empirical Evidence of Sign-Restricted Structural Vector Autoregression (SVAR) Model," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 14(2), pages 25-44.
    14. Kozluk, Tomasz & Mehrotra, Aaron, 2008. "The impact of Chinese monetary policy shocks on East Asia," BOFIT Discussion Papers 5/2008, Bank of Finland Institute for Emerging Economies (BOFIT).
    15. Yoshiyuki Fukuda & Yuki Kimura & Nao Sudo & Hiroshi Ugai, 2013. "Cross-country Transmission Effect of the U.S. Monetary Shock under Global Integration," Bank of Japan Working Paper Series 13-E-16, Bank of Japan.
    16. Arpita Chatterjee & Richa Saraf, 2024. "Impact of China on commodity exporters," Review of International Economics, Wiley Blackwell, vol. 32(3), pages 1462-1491, August.
    17. Mark M. Spiegel & Andrew Tai, 2017. "International Transmission of Japanese Monetary Shocks Under Low and Negative Interest Rates: A Global Favar Approach," Working Paper Series 2017-8, Federal Reserve Bank of San Francisco.
    18. Favero, Carlo A. & Canova, Fabio, 2005. "Monetary Policy in the Euro Area: Lessons from Five Years of ECB and Implications for Turkey," CEPR Discussion Papers 5101, C.E.P.R. Discussion Papers.
    19. Marta Banbura & Domenico Giannone & Lucrezia Reichlin, 2010. "Large Bayesian vector auto regressions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(1), pages 71-92.

  29. Maćkowiak, Bartosz, 2005. "How much of the macroeconomic variation in Eastern Europe is attributable to external shocks," SFB 649 Discussion Papers 2005-061, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Barišić, Patrik & Kovač, Tibor & Arčabić, Vladimir, 2023. "More than just supply and demand: Macroeconomic shock decomposition in Croatia during and after the transition period," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 420-438.
    2. István Ábel & Pierre Siklos, 2023. "Macroeconomic Risks and Monetary Policy in Central European Countries: Parallels in the Czech Republic, Hungary, and Poland," Risks, MDPI, vol. 11(11), pages 1-26, November.
    3. Konečný, Tomáš & Babecká Kucharčuková, Oxana, 2014. "Credit spreads and the links between the financial and real sectors in a small open economy: the case of the Czech Republic," Working Paper Series 1730, European Central Bank.
    4. Katarzyna Kubiszewska, 2013. "Economic Crisis In Croatia," Oeconomia Copernicana, Institute of Economic Research, vol. 4(2), pages 57-72, June.
    5. Svitlana Maksymenko, 2015. "The Cost of Euro Adoption in Poland," Working Paper 5779, Department of Economics, University of Pittsburgh.
    6. Babecká Kucharčuková, Oxana & Claeys, Peter & Vašíček, Bořek, 2016. "Spillover of the ECB's monetary policy outside the euro area: How different is conventional from unconventional policy?," Journal of Policy Modeling, Elsevier, vol. 38(2), pages 199-225.
    7. Martin Feldkircher, 2013. "A Global Macro Model for Emerging Europe," Working Papers 185, Oesterreichische Nationalbank (Austrian Central Bank).
    8. Nazmus Sadat Khan, 2020. "Propagation of economic shocks from Russia and Western European countries to CEE-Baltic countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(3), pages 489-512, September.
    9. Deskar-Škrbić, Milan & Kotarac, Karlo & Kunovac, Davor, 2020. "The third round of euro area enlargement: Are the candidates ready?," Journal of International Money and Finance, Elsevier, vol. 107(C).
    10. Aleksandra Halka & Grzegorz Szafrański, 2014. "What common factors are driving inflation in CEE countries?," EcoMod2014 6977, EcoMod.
    11. Slavov, Slavi T., 2008. "Measuring and modeling the effects of G-3 exchange rate fluctuations on small open economies: A natural experiment," Economic Systems, Elsevier, vol. 32(3), pages 253-273, September.

  30. Maćkowiak, Bartosz & Wiederholt, Mirko, 2005. "Optimal sticky prices under rational inattention," SFB 649 Discussion Papers 2005-040, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.

    Cited by:

    1. Pengfei Wang & Yi Wen, 2006. "Inflation dynamics: a cross-country investigation," Working Papers 2005-076, Federal Reserve Bank of St. Louis.
    2. F. Alvarez & F. Lippi & L. Paciello, 2010. "Optimal price setting with observation and menu costs," 2010 Meeting Papers 478, Society for Economic Dynamics.
    3. Paul De Grauwe, 2008. "Animal Spirits and Monetary Policy," CESifo Working Paper Series 2418, CESifo.
    4. George-Marios Angeletos & Luigi Iovino & Jennifer La'O, 2011. "Cycles, Gaps, and the Social Value of Information," NBER Working Papers 17229, National Bureau of Economic Research, Inc.
    5. Wei Li & Yulei Luo & Jun Nie, 2015. "Elastic attention, risk sharing, and international comovements," Research Working Paper RWP 15-16, Federal Reserve Bank of Kansas City.
    6. Ryan A Chahrour, 2011. "Transparency and Costly Information Acquisition," 2011 Meeting Papers 1221, Society for Economic Dynamics.
    7. Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2021. "Involuntary Unemployment and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 26-54, January.
    8. Fiorella De Fiore & Marco Jacopo Lombardi & Giacomo Mangiante, 2025. "The asymmetric and heterogeneous pass-through of input prices to firms' expectations and decisions," BIS Working Papers 1305, Bank for International Settlements.
    9. Tatsushi Okuda & Tomohiro Tsuruga, 2021. "Inflation Expectations and Central Bank Communication with Unknown Prior," IMES Discussion Paper Series 21-E-07, Institute for Monetary and Economic Studies, Bank of Japan.
    10. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    11. Smets, Frank & Maćkowiak, Bartosz, 2008. "On implications of micro price data for macro models," Working Paper Series 960, European Central Bank.
    12. Etienne Gagnon & David López-Salido & Nicolas Vincent, 2012. "Individual Price Adjustment along the Extensive Margin," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 235-281, National Bureau of Economic Research, Inc.
    13. Christopher Roth & Sonja Settele & Johannes Wohlfahrt, 2022. "Risk Exposure and Acquisition of Macroeconomic Information," ECONtribute Discussion Papers Series 177, University of Bonn and University of Cologne, Germany.
    14. Roc Armenter & Michèle Müller-Itten & Zachary Strangebye, 2021. "Geometric Methods for Finite Rational Inattention," Working Papers 21-30, Federal Reserve Bank of Philadelphia.
    15. Hobler, Stephan, 2022. "Multi-layered rational inattention and time-varying volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    16. Khaw, Mel Win & Stevens, Luminita & Woodford, Michael, 2017. "Discrete adjustment to a changing environment: Experimental evidence," Journal of Monetary Economics, Elsevier, vol. 91(C), pages 88-103.
    17. Sarah Arndt & Zeno Enders, 2023. "The Transmission of Supply Shocks in Different Inflation Regimes," CESifo Working Paper Series 10839, CESifo.
    18. Bodo Herzog, 2021. "Sustainable Consumer Tax Evasion Theory under Information Inattention," Sustainability, MDPI, vol. 13(2), pages 1-13, January.
    19. Eichenbaum, Martin & Christiano, Lawrence J. & Linde, Jesper & Altig, David E, 2005. "Firm-Specific Capital, Nominal Rigidities and the Business Cycle," CEPR Discussion Papers 4858, C.E.P.R. Discussion Papers.
    20. Mineyama, Tomohide & Tokuoka, Kiichi, 2025. "Investigating how inflation expectations affect precautionary wealth," Japan and the World Economy, Elsevier, vol. 73(C).
    21. Levenko, Natalia, 2020. "Rounding bias in forecast uncertainty," Research in Economics, Elsevier, vol. 74(4), pages 277-291.
    22. Ángelo Gutiérrez-Daza, 2024. "Business Cycles when Consumers Learn by Shopping," Working Papers 2024-12, Banco de México.
    23. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Studying Information Acquisition in the Field: A Practical Guide and Review," ECONtribute Discussion Papers Series 124, University of Bonn and University of Cologne, Germany.
    24. Serafin Frache & Rodrigo Lluberas, 2019. "New information and inflation expectations among firms," BIS Working Papers 781, Bank for International Settlements.
    25. Osnat Zohar, 2021. "Cyclicality of Uncertainty and Disagreement," Bank of Israel Working Papers 2021.09, Bank of Israel.
    26. Alexis Anagnostopoulos & Italo Bove & Karl Schlag & Omar Licandro, 2006. "An Evolutionary Theory of Inflation Inertia," Working Papers 2006-25, FEDEA.
    27. Heiner Mikosch & Christopher Roth & Samad Sarferaz & Johannes Wohlfart, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," ECONtribute Discussion Papers Series 129, University of Bonn and University of Cologne, Germany.
    28. Emi Nakamura & Dawit Zerom, 2009. "Accounting for Incomplete Pass-Through," NBER Working Papers 15255, National Bureau of Economic Research, Inc.
    29. Johannes Johnen, 2019. "Automatic‐renewal contracts with heterogeneous consumer inertia," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 28(4), pages 765-786, November.
    30. Coibion, Olivier & Gorodnichenko, Yuriy & Kumar, Saten & Ryngaert, Jane, 2021. "Do You Know that I Know that You Know…? Higher-Order Beliefs in Survey Data," Department of Economics, Working Paper Series qt5cd1r3bd, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    31. Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
    32. Glas, Alexander & Heinisch, Katja, 2023. "Conditional macroeconomic survey forecasts: Revisions and errors," Journal of International Money and Finance, Elsevier, vol. 138(C).
    33. 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.
    34. Dominik Naeher, 2023. "The Social Planning Problem with Costly Information Processing: Towards Understanding Production Decisions in Centralized Economies," Economica, London School of Economics and Political Science, vol. 90(357), pages 285-314, January.
    35. Mu, Congming & Yang, Jinqiang & Zhang, Yuhua, 2020. "Investment timing with information-processing constraints," Finance Research Letters, Elsevier, vol. 32(C).
    36. Ryo Kato & Tatsushi Okuda, 2017. "Market Concentration and Sectoral Inflation under Imperfect Common Knowledge," IMES Discussion Paper Series 17-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
    37. Serafin Frache & Rodrigo Lluberas & Javier Turen, 2021. "Belief-Dependent Pricing Decisions," Documentos de Trabajo 564, Instituto de Economia. Pontificia Universidad Católica de Chile..
    38. M. Ayhan Kose & Hideaki Matsuoka & Ugo Panizza & Dana Vorisek, 2019. "Inflation Expectations: Review and Evidence," Koç University-TUSIAD Economic Research Forum Working Papers 1904, Koc University-TUSIAD Economic Research Forum.
    39. Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2019. "Monetary policy announcements and expectations: Evidence from german firms," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 45-63.
    40. Raphael Schoenle & Ernesto Pasten, 2015. "Rational Inattention, Multi-Product Firms and the Neutrality of Money," Working Papers 91, Brandeis University, Department of Economics and International Business School.
    41. Kondor, Peter & Zawadowski, Adam, 2016. "Learning in crowded markets," LSE Research Online Documents on Economics 118972, London School of Economics and Political Science, LSE Library.
    42. Drakos, Konstantinos & Konstantinou, Panagiotis Th. & Thoma, Foteini-Anna, 2020. "Inflation uncertainty and inflation expectations: Micro-level evidence from the eurozone," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    43. Martin S. Eichenbaum & Nir Jaimovich & Sergio Rebelo & Josephine Smith, 2012. "How Frequent Are Small Price Changes?," NBER Working Papers 17956, National Bureau of Economic Research, Inc.
    44. Artem Kuriksha, 2021. "An Economy of Neural Networks: Learning from Heterogeneous Experiences," Papers 2110.11582, arXiv.org.
    45. Föllmi, Reto & Minsch, Rudolf & Schnell, Fabian, 2016. "What Determines Price Changes and the Distribution of Prices? Evidence from the Swiss CPI," Economics Working Paper Series 1610, University of St. Gallen, School of Economics and Political Science.
    46. Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Kiichi Tokuoka & Matthew N. White, 2020. "Sticky Expectations and Consumption Dynamics," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(3), pages 40-76, July.
    47. George-Marios Angeletos & Chen Lian, 2018. "Forward Guidance without Common Knowledge," American Economic Review, American Economic Association, vol. 108(9), pages 2477-2512, September.
    48. Jianjun Miao & Dongling Su, 2023. "Asset market equilibrium under rational inattention," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 1-30, January.
    49. Kim, Duk Gyoo & Yoon, Yeochang, 2019. "A theory of FAQs: Public announcements with rational ignorance," Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 560-574.
    50. Bo, Shiyu & Deng, Liuchun & Sun, Yufeng & Wang, Boqun, 2021. "Intergovernmental communication under decentralization," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 606-652.
    51. Paul Hubert & Harun Mirza, 2019. "The role of forward- and backward-looking information for inflation expectations formation," Sciences Po Economics Publications (main) hal-03403616, HAL.
    52. Dixon, Huw D. & Grimme, Christian, 2022. "State-dependent or time-dependent pricing? New evidence from a monthly firm-level survey: 1980–2017," European Economic Review, Elsevier, vol. 150(C).
    53. Karadi, Peter & Reiff, Adam, 2012. "Large shocks in menu cost models," Working Paper Series 1453, European Central Bank.
    54. Olivier Coibion & Yuriy Gorodnichenko & Saten Kumar, 2015. "How Do Firms Form Their Expectations? New Survey Evidence," NBER Working Papers 21092, National Bureau of Economic Research, Inc.
    55. Silvia Miranda-Agrippino & Giovanni Ricco, 2017. "The transmission of monetary policy shocks," Bank of England working papers 657, Bank of England.
    56. Elisabeth Falck & Mathias Hoffmann & Patrick Hürtgen, 2018. "Disagreement and Monetary Policy," 2018 Meeting Papers 655, Society for Economic Dynamics.
    57. Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2019. "Micro Jumps, Macro Humps: monetary policy and business cycles in an estimated HANK model," 2019 Meeting Papers 1449, Society for Economic Dynamics.
    58. Jörg Döpke & Ulrich Fritsche & Gabi Waldhof, 2017. "Theories, techniques and the formation of German business cycle forecasts: Evidence from a survey among professional forecasters," Working Papers 2017-002, The George Washington University, The Center for Economic Research.
    59. Nilsen, Øivind A. & Pettersen, Per Marius & Bratlie, Joakim, 2018. "Time-Dependency in Producers’ Price Adjustments: Evidence from Micro Panel Data," Discussion Paper Series in Economics 12/2018, Norwegian School of Economics, Department of Economics.
    60. Javier Turén, 2019. "Rational Inattention-driven dispersion with volatility shocks," Documentos de Trabajo 530, Instituto de Economia. Pontificia Universidad Católica de Chile..
    61. Volha Audzei & Sergey Slobodyan, 2018. "Sparse Restricted Perception Equilibrium," Working Papers 2018/8, Czech National Bank, Research and Statistics Department.
    62. Wenting Song & Samuel Stern, 2022. "Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach," Staff Working Papers 22-3, Bank of Canada.
    63. Luigi Paciello, 2012. "Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(7), pages 1375-1399, October.
    64. Tufan Ekici & Martin Geiger & Marios Zachariadis, 2024. "Understanding Expectations Formation for Hand-to-Mouth Households: Lessons from the Financial Crisis," University of Cyprus Working Papers in Economics 05-2024, University of Cyprus Department of Economics, revised 05 Nov 2024.
    65. Maryam Farboodi & Adrien Matray & Laura Veldkamp & Venky Venkateswaran, 2022. "Where Has All the Data Gone?," The Review of Financial Studies, Society for Financial Studies, vol. 35(7), pages 3101-3138.
    66. Hur, Joonyoung, 2018. "Time-varying information rigidities and fluctuations in professional forecasters' disagreement," Economic Modelling, Elsevier, vol. 75(C), pages 117-131.
    67. Giacomini, Raffaella & Skreta, Vasiliki & Turen, Javier, 2016. "Models, inattention and expectation updates," LSE Research Online Documents on Economics 86245, London School of Economics and Political Science, LSE Library.
    68. J. Daniel Aromí & Martín Llada, 2024. "Are professional forecasters inattentive to public discussions about inflation? The case of Argentina," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(7), pages 2572-2587, November.
    69. Hoffmann, Mathias & Mönch, Emanuel & Pavlova, Lora & Schultefrankenfeld, Guido, 2025. "A KISS for central bank communication in times of high inflation," Discussion Papers 12/2025, Deutsche Bundesbank.
    70. Miranda-Agrippino, Silvia & Hacıoglu Hoke, Sinem, 2018. "When creativity strikes: news shocks and business cycle fluctuations," LSE Research Online Documents on Economics 90381, London School of Economics and Political Science, LSE Library.
    71. Hassan Afrouzi & Laura Veldkamp, 2019. "Biased Inflation Forecasts," 2019 Meeting Papers 894, Society for Economic Dynamics.
    72. Candian, Giacomo, 2021. "Central bank transparency, exchange rates, and demand imbalances," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 90-107.
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    558. Christopher A. Sims, 2006. "Rational Inattention: Beyond the Linear-Quadratic Case," American Economic Review, American Economic Association, vol. 96(2), pages 158-163, May.
    559. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2020. "Everyday Regular Prices," Working papers 746, Banque de France.
    560. Roc Armenter & Michèle Müller‐Itten & Zachary R. Stangebye, 2024. "Geometric methods for finite rational inattention," Quantitative Economics, Econometric Society, vol. 15(1), pages 115-144, January.

  31. Corsetti, Giancarlo & MacKowiak, Bartosz, 2000. "Nominal Debt and the Dynamics of Currency Crises," Center Discussion Papers 28516, Yale University, Economic Growth Center.

    Cited by:

    1. Eichenbaum, Martin & Rebelo, Sérgio & Burnside, Craig, 2003. "Government Finance in the Wake of Currency Crises," CEPR Discussion Papers 3939, C.E.P.R. Discussion Papers.
    2. António Afonso, 2002. "Disturbing the Fiscal Theory of the Price Level: Can it Fit the EU-15," Working Papers Department of Economics 2002/01, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    3. Corsetti, Giancarlo & Mackowiak, Bartosz, 2006. "Fiscal imbalances and the dynamics of currency crises," European Economic Review, Elsevier, vol. 50(5), pages 1317-1338, July.
    4. Burnside, Craig, 2004. "Currency crises and contingent liabilities," Journal of International Economics, Elsevier, vol. 62(1), pages 25-52, January.
    5. Fan, Jingwen & Minford, Patrick, 2009. "Can the Fiscal Theory of the price level explain UK inflation in the 1970s?," Cardiff Economics Working Papers E2009/26, Cardiff University, Cardiff Business School, Economics Section, revised Mar 2011.
    6. Axel Dreher & Bernhard Herz & Volker Karb, 2004. "Is There a Causal Link between Currency and Debt Crises?," International Finance 0404005, University Library of Munich, Germany, revised 16 Feb 2005.
    7. Gegenfurtner, Dennis Andreas, 2021. "The causes of Original Sin: An empirical investigation of emerging market and developing countries," IPE Working Papers 174/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    8. Craig Burnside, 2004. "The Research Agenda: Craig Burnside on the Causes and Consequences of Twin Banking-Currency Crises," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 5(2), April.
    9. Maltritz, Dominik, 2008. "Modelling the dependency between currency and debt crises: An option based approach," Economics Letters, Elsevier, vol. 100(3), pages 344-347, September.
    10. Stefan Eichler & Dominik Maltritz, 2011. "Currency crises and the stock market: empirical evidence for another type of twin crisis," Applied Economics, Taylor & Francis Journals, vol. 43(29), pages 4561-4587.

Articles

  1. Bartosz Maćkowiak & Sebastian Schmidt, 2025. "Fiscal Backing for Price Stability in a Monetary Union," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(3), pages 237-269, July.
    See citations under working paper version above.
  2. Bartosz Maćkowiak & Mirko Wiederholt, 2025. "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 274-309, January.
    See citations under working paper version above.
  3. Giancarlo Corsetti & Bartosz Maćkowiak, 2024. "Gambling to Preserve Price (and Fiscal) Stability," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 32-57, March.
    See citations under working paper version above.
  4. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Journal of Economic Literature, American Economic Association, vol. 61(1), pages 226-273, March.
    See citations under working paper version above.
  5. Corsetti, Giancarlo & Dedola, Luca & Jarociński, Marek & Maćkowiak, Bartosz & Schmidt, Sebastian, 2019. "Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union," European Journal of Political Economy, Elsevier, vol. 57(C), pages 22-33.
    See citations under working paper version above.
  6. Jarociński, Marek & Maćkowiak, Bartosz, 2018. "Monetary-fiscal interactions and the euro area's malaise," Journal of International Economics, Elsevier, vol. 112(C), pages 251-266.
    See citations under working paper version above.
  7. Maćkowiak, Bartosz & Wiederholt, Mirko, 2018. "Lack of preparation for rare events," Journal of Monetary Economics, Elsevier, vol. 100(C), pages 35-47.
    See citations under working paper version above.
  8. Maćkowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2018. "Dynamic rational inattention: Analytical results," Journal of Economic Theory, Elsevier, vol. 176(C), pages 650-692.
    See citations under working paper version above.
  9. Jarociński, Marek & Maćkowiak, Bartosz, 2017. "Monetary-fiscal interactions and the euro area’s vulnerability," Research Bulletin, European Central Bank, vol. 36.

    Cited by:

    1. Petar Yurukov, 2019. "Fiscal And Monetary Determinants Of The Euro Area'S Growth And Cyclical Recurrence," Economics & Law, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 1(2), pages 16-25.

  10. Marek Jarociński & Bartosz Maćkowiak, 2017. "Granger Causal Priority and Choice of Variables in Vector Autoregressions," The Review of Economics and Statistics, MIT Press, vol. 99(2), pages 319-329, May.
    See citations under working paper version above.
  11. Bartosz Maćkowiak & Mirko Wiederholt, 2015. "Business Cycle Dynamics under Rational Inattention," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(4), pages 1502-1532.
    See citations under working paper version above.
  12. Bartosz Mackowiak & Mirko Wiederholt, 2012. "Information Processing and Limited Liability," American Economic Review, American Economic Association, vol. 102(3), pages 30-34, May.
    See citations under working paper version above.
  13. Bartosz Maćkowiak, 2011. "Rational inattention," Research Bulletin, European Central Bank, vol. 12, pages 12-15.

    Cited by:

    1. Filippo Altissimo & Benoit Mojon & Paolo Zaffaroni, 2007. "Fast micro and slow macro: can aggregation explain the persistence of inflation?," Working Paper Series WP-07-02, Federal Reserve Bank of Chicago.
    2. Kristoffer Nimark, 2011. "Man-bites-dog business cycles," Economics Working Papers 1341, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2013.

  14. Maćkowiak, Bartosz & Moench, Emanuel & Wiederholt, Mirko, 2009. "Sectoral price data and models of price setting," Journal of Monetary Economics, Elsevier, vol. 56(S), pages 78-99.
    See citations under working paper version above.
  15. Bartosz Mackowiak & Mirko Wiederholt, 2009. "Optimal Sticky Prices under Rational Inattention," American Economic Review, American Economic Association, vol. 99(3), pages 769-803, June.
    See citations under working paper version above.
  16. Bartosz Mackowiak & Frank Smets, 2008. "On implications of micro price data for macro models," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
    See citations under working paper version above.
  17. Mackowiak, Bartosz, 2007. "Macroeconomic regime switches and speculative attacks," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3321-3347, October.
    See citations under working paper version above.
  18. Mackowiak, Bartosz, 2007. "External shocks, U.S. monetary policy and macroeconomic fluctuations in emerging markets," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2512-2520, November.
    See citations under working paper version above.
  19. Mackowiak, Bartosz, 2006. "What does the Bank of Japan do to East Asia?," Journal of International Economics, Elsevier, vol. 70(1), pages 253-270, September.
    See citations under working paper version above.
  20. Bartosz Maćkowiak, 2006. "How Much of the Macroeconomic Variation in Eastern Europe is Attributable to External Shocks?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 48(3), pages 523-544, September.
    See citations under working paper version above.
  21. Corsetti, Giancarlo & Mackowiak, Bartosz, 2006. "Fiscal imbalances and the dynamics of currency crises," European Economic Review, Elsevier, vol. 50(5), pages 1317-1338, July.

    Cited by:

    1. Adler, Gustavo & Lizarazo, Sandra, 2015. "Intertwined sovereign and bank solvencies in a simple model of self-fulfilling crisis," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 428-448.
    2. Giancarlo Corsetti & Bartosz Maćkowiak, 2023. "Gambling to Preserve Price (and Fiscal) Stability," RSCAS Working Papers 2022/72, European University Institute.
    3. Inci Gumus, 2015. "Fiscal Uncertainty and Currency Crises," Review of Development Economics, Wiley Blackwell, vol. 19(4), pages 957-970, November.
    4. Inci Gumus, 2016. "Fiscal Uncertainty and Currency Crises," Review of Development Economics, Wiley Blackwell, vol. 20(3), pages 637-650, August.
    5. Masciandaro, Donato & Romelli, Davide & Ugolini, Stefano, 2025. "Credibility is not enough: Fiscal monetization and currency depreciation in early-modern Venice," Explorations in Economic History, Elsevier, vol. 98(C).
    6. António Afonso & Jaromír Baxa & Michal Slavík, 2011. "Fiscal developments and financial stress: a threshold VAR analysis," Working Papers IES 2011/16, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2011.
    7. Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126.
    8. Alexis Cruz-Rodríguez, 2014. "Is there a relationship between fiscal sustainability and currency crises? International evidence based on causality tests," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 7(1), pages 69-87, April.
    9. Manuel Amador & Javier Bianchi & Luigi Bocola & Fabrizio Perri, 2017. "Exchange Rate Policies at the Zero Lower Bound," Working Papers 740, Federal Reserve Bank of Minneapolis.
    10. Shigeto Kitano, 2009. "Nominal debt and inflation stabilization," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(4), pages 409-422, December.
    11. Farah Waheed & Abdul Rashid & Asma Basit & Lubna Maroof, 2024. "Monetary policy reaction function: A Bayesian analysis for the BRICS," PLOS ONE, Public Library of Science, vol. 19(8), pages 1-19, August.
    12. Hao Jin, 2016. "Quadrilemma not Trilemma: Fiscal Policy Matters," CAEPR Working Papers 2016-003, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    13. Carrington, Sarah J. & Herrero Olarte, Susana & Urbina, Gabriel, 2023. "Commodity cycle management in Latin America: The importance of resilience in face of vulnerability," Resources Policy, Elsevier, vol. 81(C).
    14. Jin, Hao & Xiong, Chen, 2021. "Fiscal stress and monetary policy stance in oil-exporting countries," Journal of International Money and Finance, Elsevier, vol. 111(C).
    15. Giancarlo Giorgetti, 2025. "Public Debt and the Euro: Rules and Economic Policies," BAFFI CAREFIN Working Papers 25256, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    16. Young Lee & Changyong Rhee & Taeyoon Sung, 2006. "Fiscal policy in Korea: Before and after the financial crisis," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 13(4), pages 509-531, August.
    17. Cruz-Rodríguez, Alexis, 2011. "Prediction of Currency Crises using a Fiscal Sustainability Indicator," MPRA Paper 72101, University Library of Munich, Germany.
    18. Bertrand Candelon & Franz Palm, 2010. "Banking and Debt Crisis in Europe: The Dangerous Liaisons?," CESifo Working Paper Series 3001, CESifo.
    19. Hans-Werner Sinn & John Hassler & Gilles Saint-Paul & Giancarlo Corsetti & Michael P. Devereux & Tim Jenkinson & Jan-Egbert Sturm & Xavier Vives, 2009. "Chapter 2: The Financial Crisis," EEAG Report on the European Economy, CESifo, vol. 0, pages 59-122, February.
    20. Jean-Louis Combes & Alexandru Minea & Mousse Ndoye Sow, 2015. "Crises and Exchange Rate Regimes: Time to break down the bipolar view?," CERDI Working papers halshs-00944372, HAL.
    21. Croitoru, Lucian, 2013. "Liquidity, the October 2008 Speculative Attack and the Central Bank Reputation," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 18-51, June.
    22. Goderis, Benedikt & Ioannidou, Vasso P., 2008. "Do high interest rates defend currencies during speculative attacks New evidence," Journal of International Economics, Elsevier, vol. 74(1), pages 158-169, January.
    23. Swamy, Vighneswara, 2013. "Euro Zone Debt Crisis: Implications for Indian Banking Sector," MPRA Paper 47658, University Library of Munich, Germany.
    24. Cruz-Rodríguez, Alexis, 2015. "Sostenibilidad fiscal y crisis cambiarias: Un análisis empírico [Fiscal sustainability and currency crises: An empirical analysis]," MPRA Paper 67741, University Library of Munich, Germany.
    25. Moises S. Andrade & Tiago Berriel, 2016. "Is There an Output Free Lunch for Fiscal Inationary Policies?," Textos para discussão 650, Department of Economics PUC-Rio (Brazil).
    26. Donato Masciandaro & Davide Romelli & Stefano Ugolini, 2024. "Fiscal Dominance, Monetary Policy and Exchange Rates: Lessons from Early-Modern Venice," Trinity Economics Papers tep1124, Trinity College Dublin, Department of Economics.
    27. Mackowiak, Bartosz, 2007. "Macroeconomic regime switches and speculative attacks," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3321-3347, October.
    28. Mariassunta Giannetti, 2004. "Old and Modern Currency Crises: Short-Term Liabilities, Speculative Attacks and Business Cycles," Econometric Society 2004 North American Summer Meetings 133, Econometric Society.
    29. Cruz-Rodriguez, Alexis, 2014. "¿Puede un índice de sostenibilidad fiscal predecir la ocurrencia de crisis cambiarias? Evidencias para algunos países seleccionados [Can a fiscal sustainability indicator predict the occurrence of currency crises? Evidence for selected countries]," MPRA Paper 54103, University Library of Munich, Germany.

Chapters

  1. Marek Jarociński & Bartosz Mackowiak, 2017. "Monetary-Fiscal Interactions and the Euro Area’s Malaise," NBER Chapters, in: NBER International Seminar on Macroeconomics 2017, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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