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Luigi Paciello

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.

Working papers

  1. Paciello, Luigi & Michelacci, Claudio, 2020. "Aggregate Risk or Aggregate Uncertainty? Evidence from UK Households," CEPR Discussion Papers 14557, C.E.P.R. Discussion Papers.

    Cited by:

    1. Lena Dräger & Michael J. Lamla & Damjan Pfajfar & Lena Dräger & Michael Lamla, 2022. "The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences," CESifo Working Paper Series 9637, CESifo.
    2. Ambrocio, Gene, 2022. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2022, Bank of Finland.

  2. Pozzi, Andrea & Michelacci, Claudio & Paciello, Luigi, 2019. "The Extensive Margin of Aggregate Consumption Demand," CEPR Discussion Papers 13687, C.E.P.R. Discussion Papers.

    Cited by:

    1. Mark Aguiar & Mark Bils & Corina Boar, 2020. "Who Are the Hand-to-Mouth?," Working Papers 2020-9, Princeton University. Economics Department..
    2. Mark A. Aguiar & Mark Bils & Corina Boar, 2020. "Who Are the Hand-to-Mouth?," NBER Working Papers 26643, National Bureau of Economic Research, Inc.

  3. Claudio Michelacci & Luigi Paciello, 2017. "Ambiguous Policy Announcements," EIEF Working Papers Series 1701, Einaudi Institute for Economics and Finance (EIEF), revised Dec 2017.

    Cited by:

    1. Karantounias, Anastasios G., 2023. "Doubts about the model and optimal policy," Journal of Economic Theory, Elsevier, vol. 210(C).
    2. Philippe Andrade & Gaetano Gaballo & Eric Mengus & Benoît Mojon, 2019. "Forward Guidance and Heterogeneous Beliefs," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(3), pages 1-29, July.
    3. Cosmin L. Ilut & Martin Schneider, 2022. "Modeling Uncertainty as Ambiguity: a Review," NBER Working Papers 29915, National Bureau of Economic Research, Inc.
    4. Andrade, Philippe & Gautier, Erwan & Mengus, Eric, 2023. "What matters in households’ inflation expectations?," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 50-68.
    5. Gaballo, Gaetano & Ehrmann, Michael & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," CEPR Discussion Papers 13977, C.E.P.R. Discussion Papers.
    6. Alistair Macaulay & Chenchuan Shi, 2025. "Ambiguity Aversion, Portfolio Choice, and Life Expectancy," School of Economics Discussion Papers 0425, School of Economics, University of Surrey.
    7. Mirela Miescu, 2022. "Forward guidance shocks," Working Papers 352591340, Lancaster University Management School, Economics Department.
    8. Hikaru Saijo, 2018. "Redistribution and Fiscal Uncertainty Shocks," IMES Discussion Paper Series 18-E-15, Institute for Monetary and Economic Studies, Bank of Japan.
    9. Haberis, Alex & Harrison, Richard & Waldron, Matt, 2019. "Uncertain policy promises," European Economic Review, Elsevier, vol. 111(C), pages 459-474.
    10. Chen, Liangyuan & Lin, Jianhao & Wang, Xia & Zhu, Zixiang, 2025. "The real effect of China's narrative Central Bank Communication," China Economic Review, Elsevier, vol. 94(PC).
    11. Dmitri V. Vinogradov & Michael J. Lamla & Yousef Makhlouf, 2024. "Survey-based expectations and uncertainty attitudes," Working Papers 2024_02, Business School - Economics, University of Glasgow.
    12. Alex Haberis & Richard Harrison & Matthew Waldron, 2017. "Uncertain forward guidance," Bank of England working papers 654, Bank of England.
    13. Alessandro Casini & Adam McCloskey, 2024. "Identification and Estimation of Causal Effects in High-Frequency Event Studies," Papers 2406.15667, arXiv.org, revised Jul 2025.
    14. Paciello, Luigi & Michelacci, Claudio, 2020. "Aggregate Risk or Aggregate Uncertainty? Evidence from UK Households," CEPR Discussion Papers 14557, C.E.P.R. Discussion Papers.
    15. Barthélemy, Jean & Mengus, Eric, 2018. "The signaling effect of raising inflation," Journal of Economic Theory, Elsevier, vol. 178(C), pages 488-516.

  4. 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.

    Cited by:

    1. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    2. Di Bartolomeo, Giovanni & Di Pietro, Marco & Beqiraj, Elton, 2020. "Price and wage inflation persistence across countries and monetary regimes," Journal of International Money and Finance, Elsevier, vol. 109(C).

  5. Nicholas Trachter & Andrea Pozzi & Luigi Paciello, 2014. "Markups Dynamics with Customer Markets," 2014 Meeting Papers 39, Society for Economic Dynamics.

    Cited by:

    1. Hassan Afrouzi, 2016. "Endogenous firm competition and the cyclicality of markups," Globalization Institute Working Papers 265, Federal Reserve Bank of Dallas.

  6. Luigi Paciello & Andrea Pozzi & Nicholas Trachter, 2013. "Price Dynamics with Customer Markets," EIEF Working Papers Series 1328, Einaudi Institute for Economics and Finance (EIEF), revised Dec 2017.

    Cited by:

    1. Sungki Hong, 2017. "Customer Capital, Markup Cyclicality, and Amplification," Working Papers 2017-33, Federal Reserve Bank of St. Louis.
    2. Weiqing Li & Qianyi Dan & Maomao Chi & Weijun Wang, 2021. "Influence of Price Level and Perceived Price Dispersion on Consumer Information Search Behaviour: Moderating Effect of Durables and Consumables," Sustainability, MDPI, vol. 13(4), pages 1-13, February.
    3. Canales, Mario & Lopez-Martin, Bernabe, 2024. "Exchange rates, uncertainty, and price-setting: Evidence from CPI microdata," Economic Modelling, Elsevier, vol. 139(C).
    4. Claudio Michelacci & Andrea Pozzi & Luigi Paciello, 2018. "The extensive margin of aggregate consumption demand," 2018 Meeting Papers 1008, Society for Economic Dynamics.
    5. Daniel Levy & Andrew T. Young, 2020. "Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract," Working Papers 2020-07, Bar-Ilan University, Department of Economics.
    6. Sebastian Heise, 2018. "Firm-to-Firm Relationships and Price Rigidity: Theory and Evidence," 2018 Meeting Papers 937, Society for Economic Dynamics.
    7. Rafael R. Guthmann, 2024. "Price dispersion in dynamic competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 78(4), pages 1203-1232, December.
    8. Omid Zamani & Thomas Bittmann & Jens‐Peter Loy, 2024. "Does the internet bring food prices closer together? Exploring search engine query data in Iran," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(2), pages 688-715, June.
    9. Roldan-Blanco, Pau & Gilbukh, Sonia, 2021. "Firm dynamics and pricing under customer capital accumulation," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 99-119.
    10. Stéphane Dupraz, 2017. "A Kinked-Demand Theory of Price Rigidity," Working papers 656, Banque de France.
    11. Mario Canales & Bernabe Lopez-Martin, 2021. "Uncertainty, Risk, and Price-Setting: Evidence from CPI Microdata," Working Papers Central Bank of Chile 908, Central Bank of Chile.
    12. Cabral, Luis & Gilbukh, Sonia, 2019. "Rational Buyers Search When Prices Increase," CEPR Discussion Papers 13940, C.E.P.R. Discussion Papers.
    13. Kaas, Leo & Kimasa, Bihemo, 2018. "Firm Dynamics with Frictional Product and Labor Markets," IZA Discussion Papers 11745, IZA Network @ LISER.
    14. Sungki Hong, 2019. "Customer Capital, Markup Cyclicality, and Amplification," 2019 Meeting Papers 959, Society for Economic Dynamics.
    15. Gantert, Konstantin, 2025. "Shopping Time and Frictional Goods Markets: Implications for the New-Keynesian Model," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325386, Verein für Socialpolitik / German Economic Association.
    16. Shi, Shouyong, 2016. "Customer relationship and sales," Journal of Economic Theory, Elsevier, vol. 166(C), pages 483-516.
    17. Pau Roldan & Sophia Gilbukh, 2017. "Firm Dynamics and Pricing under Customer Capital Accumulation," 2017 Meeting Papers 1235, Society for Economic Dynamics.
    18. Rafael R. Guthmann, 2025. "Imperfect Competition as a Result of Unawareness," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 67(1), pages 35-53, June.
    19. Zachary Mahone & Filippo Rebessi, 2024. "Observational learning and firm dynamics," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(3), pages 989-1027, August.
    20. David Berger & Joseph S. Vavra, 2013. "Volatility and Pass-through," NBER Working Papers 19651, National Bureau of Economic Research, Inc.
    21. Abbritti, Mirko & Aguilera-Bravo, Asier & Trani, Tommaso, 2021. "Long-term business relationships, bargaining and monetary policy," Economic Modelling, Elsevier, vol. 101(C).

  7. francesco lippi & Luigi Paciello & Fernando Alvarez, 2012. "Monetary Shocks with Observation and Menu Costs," 2012 Meeting Papers 439, Society for Economic Dynamics.

    Cited by:

    1. Alvarez, Fernando & Lippi, Francesco, 2012. "Price setting with menu cost for multi-product firms," CEPR Discussion Papers 8863, C.E.P.R. Discussion Papers.
    2. Balasubramaniam, Vimal & Anagol, Santosh, 2016. "Endowment Effects in the Field: Evidence from India's IPO Lotteries," CEPR Discussion Papers 11328, C.E.P.R. Discussion Papers.

  8. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2012. "Monetary Shocks in a Model with Inattentive Producers," EIEF Working Papers Series 1208, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2012.

    Cited by:

    1. Carvalho, Carlos & Schwartzman, Felipe, 2015. "Selection and monetary non-neutrality in time-dependent pricing models," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 141-156.
    2. Georgii Riabov & Aleh Tsyvinski, 2021. "Policy with stochastic hysteresis," Papers 2104.10225, arXiv.org.
    3. Costain, James & Nakov, Anton & Petit, Borja, 2019. "Monetary policy implications of state-dependent prices and wages," Working Paper Series 2272, European Central Bank.
    4. S. S. Vinokurov & A.A. Medved & L. A. Mierin, 2018. "Economic News and Household Decisions," Contemporary Economics, Vizja University, vol. 12(1), March.
    5. Fernando Alvarez & Andrea Ferrara & Erwan Gautier & Hervé Le Bihan & Francesco Lippi, 2021. "Empirical Investigation of a Sufficient Statistic for Monetary Shocks," Working papers 839, Banque de France.
    6. Andrés Blanco & Isaac Baley, 2019. "Aggregate Dynamics in Lumpy Economies," Working Papers 1116, Barcelona School of Economics.
    7. Pasten, Ernesto & Schoenle, Raphael & Weber, Michael, 2020. "The propagation of monetary policy shocks in a heterogeneous production economy," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 1-22.
    8. Kariuki, Caroline & Tiriongo, Samuel, 2021. "Market expectations versus outcomes: Sectoral credit market analysis in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 48, Kenya Bankers Association (KBA).
    9. Isaac Baley & Javier Turén, 2025. "Lumpy Forecasts," Working Papers 1476, Barcelona School of Economics.
    10. Fernando E. Alvarez & Francesco Lippi & Aleksei Oskolkov, 2020. "The Macroeconomics of Sticky Prices with Generalized Hazard Functions," NBER Working Papers 27434, National Bureau of Economic Research, Inc.
    11. Jacopo Magnani & Aspen Gorry & Ryan Oprea, 2016. "Time and State Dependence in an Ss Decision Experiment," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 285-310, January.
    12. Zhang, Yuhua & Mu, Congming, 2021. "Optimal ownership of entrepreneurial firms with rational inattention," Economics Letters, Elsevier, vol. 209(C).
    13. Vinokurov, Stepan S. (Винокуров, Степан) & Medved, Anna A. (Медведь, Анна) & Mierin, Larisa A. (Миэринь, Лариса), 2018. "Influence of the Information Background on the Economic Behavior of Households [Влияние Информационного Фона На Экономическое Поведение Домохозяйств]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 66-79, October.
    14. Antonecchia, Gianluca, 2023. "Heterogeneous expectations, forecast accuracy and firms’ credit demand," European Economic Review, Elsevier, vol. 154(C).
    15. Mark N. Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(2-3), pages 293-322, March.
    16. Zhou, Peng & Dixon, Huw David, 2018. "The Determinants of Price Rigidity in the UK: Analysis of the CPI and PPI Microdata and Application to Macrodata Modelling," Cardiff Economics Working Papers E2018/18, Cardiff University, Cardiff Business School, Economics Section.

  9. Luigi Paciello & Mirko Wiederholt, 2011. "Exogenous Information, Endogenous Information and Optimal Monetary Policy," EIEF Working Papers Series 1104, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2011.

    Cited by:

    1. Paul Hubert & Giovanni Ricco, 2018. "Imperfect information in macroeconomics," Post-Print hal-03458122, HAL.
    2. 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.
    3. Hobler, Stephan, 2022. "Multi-layered rational inattention and time-varying volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    4. 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.
    5. 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.
    6. 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.
    7. Matějka, Filip, 2015. "Rigid pricing and rationally inattentive consumer," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 656-678.
    8. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Sciences Po Economics Publications (main) hal-03878692, HAL.
    9. Camille Cornand & Romain Baeriswyl & Bruno Ziliotto, 2019. "Observing and shaping the market: the dilemma of central banks," Post-Print hal-01644269, HAL.
    10. Sebastian Link & Andreas Peichl & Christopher Roth & Johannes Wohlfart & Oliver Pfaeuti, 2025. "Attention to the Macroeconomy," CEBI working paper series 23-09, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    11. Andrew Caplin & Mark Dean & John Leahy, 2017. "Rationally Inattentive Behavior: Characterizing and Generalizing Shannon Entropy," NBER Working Papers 23652, National Bureau of Economic Research, Inc.
    12. Demery, David, 2012. "State-dependent pricing and the non-neutrality of money," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 933-944.
    13. Benchimol, Jonathan & Bounader, Lahcen & Dotta, Mario, 2025. "Estimating Behavioral Inattention," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 236, pages 1-34.
    14. Ou, Shengliang & Zhang, Donghai & Zhang, Renbin, 2021. "Information frictions, monetary policy, and the paradox of price flexibility," Journal of Monetary Economics, Elsevier, vol. 120(C), pages 70-82.
    15. Iovino, Luigi & La’O, Jennifer & Mascarenhas, Rui, 2022. "Optimal monetary policy and disclosure with an informationally-constrained central banker," Journal of Monetary Economics, Elsevier, vol. 125(C), pages 151-172.
    16. Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2021. "Information Frictions among Firms and Households," The Warwick Economics Research Paper Series (TWERPS) 1341, University of Warwick, Department of Economics.
    17. Joshua Bernstein & Rupal Kamdar, 2023. "Rationally Inattentive Monetary Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 265-296, April.
    18. Mackowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2016. "The Rational Inattention Filter," CEPR Discussion Papers 11237, C.E.P.R. Discussion Papers.
    19. Chan, Jenny, 2024. "Monetary policy and sentiment-driven fluctuations," Journal of Economic Theory, Elsevier, vol. 222(C).
    20. Luo, Yulei & Young, Eric, 2013. "Rational Inattention in Macroeconomics: A Survey," MPRA Paper 54267, University Library of Munich, Germany.
    21. Ernesto Pastén, 2012. "Rational Inattention, Multi-Product Firms and the Neutrality of Money," Working Papers Central Bank of Chile 664, Central Bank of Chile.
    22. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    23. Camille Cornand & Rodolphe Dos Santos Ferreira, 2025. "Central bank communication and stabilization policies under firms’ motivated beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 79(2), pages 687-721, March.
    24. Jan Filacek & Jakub Mateju, 2014. "Adverse Effects of Monetary Policy Signalling," Working Papers 2014/13, Czech National Bank, Research and Statistics Department.
    25. Lena Dräger, 2011. "Endogenous Persistence with Recursive Inattentiveness," Macroeconomics and Finance Series 201103, University of Hamburg, Department of Socioeconomics.
    26. Benjamin M. Hébert & Jennifer La'O, 2020. "Information Acquisition, Efficiency, and Non-Fundamental Volatility," NBER Working Papers 26771, National Bureau of Economic Research, Inc.
    27. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    28. Adams, Jonathan J., 2023. "Moderating noise-driven macroeconomic fluctuations under dispersed information," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    29. George-Marios Angeletos & Jennifer La'O, 2011. "Optimal Monetary Policy with Informational Frictions," NBER Working Papers 17525, National Bureau of Economic Research, Inc.
    30. Arnildo Da Silva Correa & Paulo Picchetti, 2016. "New Information And Updating Of Market Experts' Inflation Expectations," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 053, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    31. Gaetano Gaballo & Eric Mengus & Benoït Mojon & Philippe Andrade, 2016. "Forward guidance and heterogenous beliefs," 2016 Meeting Papers 1182, Society for Economic Dynamics.
    32. Heiner Mikosch & Christopher Roth & Samad Sarferaz & Johannes Wohlfart, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," CEBI working paper series 21-20, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    33. Francesco Capozza & Ingar K. Haaland & Christopher Roth & Johannes Wohlfart, 2022. "Recent Advances in Studies of News Consumption," CESifo Working Paper Series 10021, CESifo.
    34. Rousakis, Michael, 2012. "Expectations and Fluctuations : The Role of Monetary Policy," The Warwick Economics Research Paper Series (TWERPS) 984, University of Warwick, Department of Economics.
    35. Benhima, Kenza & Blengini, Isabella, 2019. "Optimal Monetary Policy when Information is Market-Generated," CEPR Discussion Papers 13817, C.E.P.R. Discussion Papers.
    36. Matějka, Filip & Mackowiak, Bartosz & Wiederholt, Mirko, 2018. "Survey: Rational Inattention, a Disciplined Behavioral Model," CEPR Discussion Papers 13243, C.E.P.R. Discussion Papers.
    37. Angeletos, George-Marios & Iovino, Luigi & La'O, Jennifer, 2020. "Learning over the business cycle: Policy implications," Journal of Economic Theory, Elsevier, vol. 190(C).
    38. Luo, Shaowen & Tsang, Kwok Ping, 2020. "Elasticity of attention and optimal monetary policy," Economics Letters, Elsevier, vol. 194(C).
    39. Jenny Chan, 2020. "Monetary Policy and Sentiment-Driven Fluctuations," Discussion Papers 2020, Centre for Macroeconomics (CFM).
    40. Rousakis, Michael, "undated". "Expectations and Fluctuations: The Role of Monetary Policy," Economic Research Papers 270655, University of Warwick - Department of Economics.
    41. Yulei Luo & Eric R. Young, 2014. "Signal Extraction And Rational Inattention," Economic Inquiry, Western Economic Association International, vol. 52(2), pages 811-829, April.
    42. Peter Andre & Carlo Pizzinelli & Christopher Roth & Johannes Wohlfart, 2021. "Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples," ECONtribute Discussion Papers Series 119, University of Bonn and University of Cologne, Germany.
    43. Jenny Tang, 2013. "Uncertainty and the signaling channel of monetary policy," Working Papers 15-8, Federal Reserve Bank of Boston.
    44. Oleksiy Kryvtsov & Luba Petersen, 2019. "Central Bank Communication That Works: Lessons from Lab Experiments," Staff Working Papers 19-21, Bank of Canada.
    45. Camille Cornand & Rodolphe Dos Santos Ferreira, 2021. "Central bank's stabilization and communication policies when firms have motivated overconfidence in their own information accuracy or processing," Working Papers of BETA 2021-49, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    46. Lamla, Michael J. & Lein, Sarah M., 2014. "The role of media for consumers’ inflation expectation formation," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 62-77.
    47. Hassan Afrouzi, 2020. "Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money," CESifo Working Paper Series 8218, CESifo.
    48. Oliver Pfauti, 2021. "Inflation -- who cares? Monetary Policy in Times of Low Attention," Papers 2105.05297, arXiv.org, revised Oct 2023.
    49. 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.
    50. Herzog, Bodo, 2019. "Optimal policy under uncertainty and rational inattention," Research in International Business and Finance, Elsevier, vol. 50(C), pages 444-449.
    51. Peter Zorn, 2019. "Investment under Rational Inattention: Evidence from US Sectoral Data," 2019 Meeting Papers 577, Society for Economic Dynamics.
    52. 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.
    53. Leonardo Melosi, 2016. "Signaling Effects of Monetary Policy," Working Paper Series WP-2016-14, Federal Reserve Bank of Chicago.
    54. George Loewenstein & Zachary Wojtowicz, 2023. "The Economics of Attention," CESifo Working Paper Series 10712, CESifo.
    55. Jenny Chan, 2024. "Monetary policy and sentiment-driven fluctuations," Bank of England working papers 1106, Bank of England.
    56. Kenza Benhima, 2013. "Booms and Busts with dispersed information," Cahiers de Recherches Economiques du Département d'économie 13.11, Université de Lausanne, Faculté des HEC, Département d’économie.
    57. Thomas J. Sargent & John Stachurski, 2024. "Dynamic Programming: Finite States," Papers 2401.10473, arXiv.org.
    58. Adão, Bernardino & Silva, André C., 2020. "The effect of firm cash holdings on monetary policy," European Economic Review, Elsevier, vol. 128(C).
    59. Jonathan J Adams, 2020. "Moderating Macroeconomic Bubbles Under Dispersed Information," Working Papers 001005, University of Florida, Department of Economics.
    60. Meyer-Gohde, Alexander & Tzaawa-Krenzler, Mary, 2023. "Sticky information and the Taylor principle," IMFS Working Paper Series 189, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    61. George-Marios Angeletos & Karthik Sastry, 2019. "Inattentive Economies," NBER Working Papers 26413, National Bureau of Economic Research, Inc.
    62. Zhang, Fang, 2014. "Monetary policy for rationally inattentive economies with staggered price setting," Journal of Economic Dynamics and Control, Elsevier, vol. 38(C), pages 184-208.
    63. 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.).
    64. Dietrich, Alexander M., 2024. "Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 147(C).
    65. Maćkowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2018. "Dynamic rational inattention: Analytical results," Journal of Economic Theory, Elsevier, vol. 176(C), pages 650-692.
    66. Michael Rousakis, 2013. "Expectations and Fluctuations: The Role of Monetary Policy," 2013 Meeting Papers 681, Society for Economic Dynamics.
    67. Mariana Cunha & António Osório & Ricardo Ribeiro, 2016. "Endogenous product design and quality with rationally inattentive consumers," Working Papers de Economia (Economics Working Papers) 03, Católica Porto Business School, Universidade Católica Portuguesa.
    68. Sushant Acharya & Shu Lin Wee, 2019. "Rational inattention in hiring decisions," Staff Reports 878, Federal Reserve Bank of New York.
    69. Mackowiak, Bartosz & Wiederholt, Mirko, 2011. "Inattention to Rare Events," CEPR Discussion Papers 8626, C.E.P.R. Discussion Papers.
    70. Luminita Stevens, 2015. "Coarse Pricing Policies," Staff Report 520, Federal Reserve Bank of Minneapolis.
    71. Hellwig, Christian & Venkateswaran, Venky, 2024. "Dispersed Information, Nominal Rigidities and Monetary Business Cycles: A Hayekian Perspective," TSE Working Papers 24-1594, Toulouse School of Economics (TSE), revised May 2025.
    72. Binz, Oliver & Ferracuti, Elia & Joos, Peter, 2023. "Investment, inflation, and the role of internal information systems as a transmission channel," Journal of Accounting and Economics, Elsevier, vol. 76(2).
    73. Alisdair McKay & Filip Matejka, 2011. "Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model," Boston University - Department of Economics - Working Papers Series WP2011-026, Boston University - Department of Economics.

  10. Pierpaolo Benigno & Luigi Paciello, 2010. "Monetary Policy, Doubts and Asset Prices," NBER Working Papers 16386, National Bureau of Economic Research, Inc.

    Cited by:

    1. Karantounias, Anastasios G., 2023. "Doubts about the model and optimal policy," Journal of Economic Theory, Elsevier, vol. 210(C).
    2. Adam, Klaus & Woodford, Michael, 2021. "Robustly optimal monetary policy in a new Keynesian model with housing," Journal of Economic Theory, Elsevier, vol. 198(C).
    3. 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.
    4. Cosmin L. Ilut & Martin Schneider, 2022. "Modeling Uncertainty as Ambiguity: a Review," NBER Working Papers 29915, National Bureau of Economic Research, Inc.
    5. Marlène Isoré & Urszula Szczerbowicz, 2015. "Disaster Risk and Preference Shifts in a New Keynesian Model," Working Papers 2015-16, CEPII research center.
    6. Martin Ellison & Charles Brendon, 2018. "Time-Consistently Undominated Policies," Economics Series Working Papers 844, University of Oxford, Department of Economics.
    7. Axelle Ferriere & Anastasios Karantounias, 2019. "Fiscal Austerity in Ambiguous Times," Post-Print halshs-02084280, HAL.
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    9. Ricardo M. Masolo & Francesca Monti, 2017. "Ambiguity, Monetary Policy and Trend Inflation," Discussion Papers 1709, Centre for Macroeconomics (CFM).
    10. Peng, Yulei & Zervou, Anastasia, 2022. "Monetary policy rules and the equity premium in a segmented markets model," Journal of Macroeconomics, Elsevier, vol. 73(C).
    11. Adam, Klaus & Woodford, Michael, 2012. "Robustly optimal monetary policy in a microfounded New Keynesian model," Journal of Monetary Economics, Elsevier, vol. 59(5), pages 468-487.
    12. Frank Hespeler & Marco M. Sorge, 2018. "Does Near†Rationality Matter In First†Order Approximate Solutions? A Perturbation Approach," Bulletin of Economic Research, Wiley Blackwell, vol. 70(1), pages 97-113, January.
    13. Moumita Basu & Nag, 2015. "Asset price dynamics, inflation and sectoral composition of output: a dependent economy model," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 8(3), pages 224-243, November.
    14. Klaus Adam & Oliver Pfäuti & Timo Reinelt, 2020. "Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target," CRC TR 224 Discussion Paper Series crctr224_2020_235, University of Bonn and University of Mannheim, Germany.
    15. Adam, Klaus & Woodford, Michael, 2018. "Leaning against housing prices as robustly optimal monetary policy," CFS Working Paper Series 601, Center for Financial Studies (CFS).
    16. Anthony M. Diercks, 2015. "The Equity Premium, Long-Run Risk, & Optimal Monetary Policy," Finance and Economics Discussion Series 2015-87, Board of Governors of the Federal Reserve System (U.S.).
    17. MeiChi Huang & Tzu-Chien Wang, 2015. "Housing-bubble vulnerability and diversification opportunities during housing boom–bust cycles: evidence from decomposition of asset price returns," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(2), pages 605-637, March.
    18. Anthony Diercks, 2016. "The Equity Premium, Long-Run Risk, and Optimal Monetary Policy," 2016 Meeting Papers 207, Society for Economic Dynamics.
    19. Yulei Peng & Anastasia Zervou, 2014. "Monetary Policy Rules and the Equity Premium," Working Papers 20141115_001, Texas A&M University, Department of Economics.
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    21. Vicente da Gama Machado, 2012. "Monetary Policy, Asset Prices and Adaptive Learning," Working Papers Series 274, Central Bank of Brazil, Research Department.
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    23. Marine Charlotte André & Meixing Dai, 2017. "Learning, optimal monetary delegation and stock prices dynamics," Working Papers of BETA 2017-37, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    24. Benigno, Pierpaolo & Paciello, Luigi, 2014. "Monetary policy, doubts and asset prices," Journal of Monetary Economics, Elsevier, vol. 64(C), pages 85-98.
    25. Frank Hespeler & Marco M. Sorge, 2013. "Does Near-Rationality Matter in First-Order Approximate Solutions? A Perturbation Approach," CSEF Working Papers 339, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    26. Lensman, Todd & Troshkin, Maxim, 2022. "Implications of uncertainty for optimal policies," Journal of Economic Theory, Elsevier, vol. 199(C).
    27. Masolo, Riccardo M. & Monti, Francesca, 2015. "Monetary policy with ambiguity averse agents," LSE Research Online Documents on Economics 86319, London School of Economics and Political Science, LSE Library.
    28. Michael Donadelli & Marcus Jüppner & Antonio Paradiso & Christian Schlag, 2021. "Computing Macro-Effects and Welfare Costs of Temperature Volatility: A Structural Approach," Computational Economics, Springer;Society for Computational Economics, vol. 58(2), pages 347-394, August.
    29. Adam, Klaus & Pfäuti, Oliver & Reinelt, Timo, 2025. "Subjective housing price expectations, falling natural rates, and the optimal inflation target," Journal of Monetary Economics, Elsevier, vol. 149(C).

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    1. Laura Veldkamp & Isaac Baley, 2021. "Bayesian Learning," Working Papers 1287, Barcelona School of Economics.
    2. 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.
    3. Makoto Nirei & José A. Scheinkman, 2021. "Repricing Avalanches," CARF F-Series CARF-F-510, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    4. Shoji, Toshiaki, 2022. "Menu costs and information rigidity: Evidence from the consumption tax hike in Japan," Journal of Macroeconomics, Elsevier, vol. 72(C).
    5. De Santis, Roberto A. & Tornese, Tommaso, 2023. "Energy supply shocks’ nonlinearities on output and prices," Working Paper Series 2834, European Central Bank.
    6. Carstensen, Kai & Schenkelberg, Heike, 2011. "Time- or State-Dependence? An Analysis of Inflation Dynamics using German Business Survey Data," Discussion Papers in Economics 12170, University of Munich, Department of Economics.
    7. Barbara Annicchiarico & Alessandra Pelloni, 2013. "Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?," Working Paper series 02_13, Rimini Centre for Economic Analysis.
    8. Banerjee, Shesadri & Bhattacharya, Rudrani, 2017. "Micro-level Price Setting Behaviour in India: Evidence from Group and Sub-Group Level CPI-IW Data," Working Papers 17/217, National Institute of Public Finance and Policy.
    9. Frédérique Bec & Raouf Boucekkine & Caroline Jardet, 2017. "Why are inflation forecasts sticky?," Working Papers 2017-17, Center for Research in Economics and Statistics.
    10. Guojun He & Jeffrey T. LaFrance & Jeffrey M. Perloff & Richard Volpe, 2024. "How do Everyday-Low-Price Supermarkets Adjust Their Prices?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 64(1), pages 117-146, February.
    11. Mr. Pragyan Deb & Julia Estefania-Flores & Melih Firat & Davide Furceri & Siddharth Kothari, 2023. "Monetary Policy Transmission Heterogeneity: Cross-Country Evidence," IMF Working Papers 2023/204, International Monetary Fund.
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    32. Blanco, Andrés & Diaz de Astarloa, Bernardo & Drenik, Andres & Moser, Christian & Trupkin, Danilo, 2021. "The Evolution of the Earnings Distribution in a Volatile Economy: Evidence from Argentina," MPRA Paper 105759, University Library of Munich, Germany.
    33. Fernando Alvarez & Francesco Lippi, 2014. "Price Setting With Menu Cost for Multiproduct Firms," Econometrica, Econometric Society, vol. 82(1), pages 89-135, January.
    34. Baumann, Ursel & Ferrando, Annalisa & Georgarakos, Dimitris & Gorodnichenko, Yuriy & Reinelt, Timo, 2024. "SAFE to Update Inflation Expectations? New Survey Evidence on Euro Area Firms," IZA Discussion Papers 17015, IZA Network @ LISER.
    35. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
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    37. Chen Yeh & David Argente, 2016. "A Menu Cost Model with Price Experimentation," 2016 Meeting Papers 1515, Society for Economic Dynamics.
    38. Guido Ascari & Argia M. Sbordone, 2013. "The Macroeconomics of Trend Inflation," DEM Working Papers Series 053, University of Pavia, Department of Economics and Management.
    39. Edward S. Knotek, 2019. "The Roles of Price Points and Menu Costs in Price Rigidity," Working Papers 19-23, Federal Reserve Bank of Cleveland.
    40. Sushant Acharya, 2014. "Costly information, planning complementarities and the Phillips Curve," Staff Reports 698, Federal Reserve Bank of New York.
    41. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
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    43. Andrade, Philippe & Zachariadis, Marios, 2016. "Global versus local shocks in micro price dynamics," Journal of International Economics, Elsevier, vol. 98(C), pages 78-92.
    44. Fernando Alvarez & Francesco Lippi, 2010. "A note on price adjustment with menu cost for multi-product firms," EIEF Working Papers Series 1018, Einaudi Institute for Economics and Finance (EIEF), revised Dec 2010.
    45. Shaowen Luo & Daniel Villar, 2021. "The Skewness of the Price Change Distribution: A New Touchstone for Sticky Price Models," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 41-72, February.
    46. Andrés Blanco & Isaac Baley, 2016. "Menu Costs, Uncertainty Cycles, and the Propagation of Nominal Shocks," Working Papers 918, Barcelona School of Economics.
    47. Donato Masciandaro, 2014. "Macroeconomic Ideas, Business Cycles and Economic Policies: One Size Doesn’t Fit All - A Primer," BAFFI CAREFIN Working Papers 14161, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    48. Nicoletta Berardi & Erwan Gautier & Hervé Le Bihan, 2014. "More facts about prices: France before and during the Great Recession," Working Papers hal-01060564, HAL.
    49. Øivind Anti Nilsen & Magne Vange, 2018. "Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data," CESifo Working Paper Series 7145, CESifo.
    50. Jonathan J Adams, 2019. "Macroeconomic Models with Incomplete Information and Endogenous Signals," Working Papers 001004, University of Florida, Department of Economics.
    51. Stéphane Dupraz, 2017. "A Kinked-Demand Theory of Price Rigidity," Working papers 656, Banque de France.
    52. Xavier Gabaix, 2017. "Behavioral Inattention," NBER Working Papers 24096, National Bureau of Economic Research, Inc.
    53. Julio Blanco & Isaac Baley, 2013. "Learning to Price," 2013 Meeting Papers 663, Society for Economic Dynamics.
    54. Fougère, Denis & Gautier, Erwan & Roux, Sébastien, 2018. "Wage Floor Rigidity in Industry-Level Agreements: Evidence from France," CEPR Discussion Papers 13179, C.E.P.R. Discussion Papers.
    55. William (Bill) Zame & Jean-Paul L'Huillier, 2015. "Optimally Sticky Prices," 2015 Meeting Papers 621, Society for Economic Dynamics.
    56. Gasteiger, Emanuel & Grimaud, Alex, 2023. "Price setting frequency and the Phillips curve," European Economic Review, Elsevier, vol. 158(C).
    57. Fabio Verona, 2014. "Investment Dynamics with Information Costs," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1627-1656, December.
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    59. Khalil, Makram & Lewis, Vivien, 2024. "Product turnover and endogenous price flexibility in uncertain times," Discussion Papers 14/2024, Deutsche Bundesbank.
    60. Böheim, René & Hackl, Franz & Hölzl-Leitner, Michael, 2021. "The impact of price adjustment costs on price dispersion in e-commerce," International Journal of Industrial Organization, Elsevier, vol. 77(C).
    61. Atle Oglend & Frank Asche & Hans‐Martin Straume, 2022. "Estimating Pricing Rigidities in Bilateral Transactions Markets," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(1), pages 209-227, January.
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    63. 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.
    64. Guido Ascari & Timo Haber, 2019. "Sticky prices and the transmission mechanism of monetary policy: A minimal test of New Keynesian models," Economics Series Working Papers 869, University of Oxford, Department of Economics.
    65. Plantin, Guillaume, 2023. "Asset bubbles and inflation as competing monetary phenomena," Journal of Economic Theory, Elsevier, vol. 212(C).
    66. Andrade, Philippe & Le Bihan, Hervé, 2013. "Inattentive professional forecasters," Journal of Monetary Economics, Elsevier, vol. 60(8), pages 967-982.
    67. Nimark, Kristoffer P. & Pitschner, Stefan, 2019. "News media and delegated information choice," Journal of Economic Theory, Elsevier, vol. 181(C), pages 160-196.
    68. Rigobón, Roberto, 2015. "Presidential address: macroeconomics and online prices," LSE Research Online Documents on Economics 123281, London School of Economics and Political Science, LSE Library.
    69. Jacopo Magnani & Aspen Gorry & Ryan Oprea, 2016. "Time and State Dependence in an Ss Decision Experiment," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(1), pages 285-310, January.
    70. Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018. "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series 7138, CESifo.
    71. Joseph S. Vavra, 2013. "Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation," NBER Working Papers 19148, National Bureau of Economic Research, Inc.
    72. Robert A. Buckle & Michael Ryan & Zhongchen Song, 2025. "Inflation and the Changing Nature of Firm Price Adjustment: Six Decades Worth of Evidence," Working Papers in Economics 25/06, University of Waikato.
    73. Hassan Afrouzi, 2020. "Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money," CESifo Working Paper Series 8218, CESifo.
    74. Nicoletta Berardi & Federico Ravenna & Mario Samano, 2024. "Everyday Regular Prices in a Multi-Product Retailer," Carlo Alberto Notebooks 733 JEL Classification: E, Collegio Carlo Alberto.
    75. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2018. "Monetary shocks in models with observation and menu costs," Journal of the European Economic Association, European Economic Association, vol. 16(2), pages 353-382.
    76. Cavallo, Alberto & Rigobon, Roberto, 2011. "The Distribution of the Size of Price Changes," Working Papers 2011-011, Banco Central de Reserva del Perú.
    77. David Demery, 2010. "State-Dependent Pricing and the Non-Neutrality of Money," Bristol Economics Discussion Papers 10/615, School of Economics, University of Bristol, UK.
    78. DongIk Kang & Andrew Usher, 2023. "Does Product Revenue Matter for Price Setting and Monetary Policy Transmission?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 297-345, January.
    79. Frédérique Bec & Raouf Boucekkine & Caroline Jardet, 2017. "Why Are Inflation Forecasts Sticky? Theory and Application to France and Germany," Working Papers halshs-01630571, HAL.
    80. Ernesto Pasten, 2012. "Rational Inattention, Multi-Product Firms and the Neutrality of Money," 2012 Meeting Papers 346, Society for Economic Dynamics.
    81. Alberto Cavallo, 2015. "Scraped Data and Sticky Prices," NBER Working Papers 21490, National Bureau of Economic Research, Inc.
    82. Adão, Bernardino & Silva, André C., 2020. "The effect of firm cash holdings on monetary policy," European Economic Review, Elsevier, vol. 128(C).
    83. Candia, Bernardo & Coibion, Olivier & Gorodnichenko, Yuriy, 2024. "The inflation expectations of U.S. firms: Evidence from a new survey," Journal of Monetary Economics, Elsevier, vol. 145(S).
    84. Fernando Alvarez & Luigi Guiso & Francesco Lippi, 2010. "Durable Consumption and Asset Management with Transaction and Observation Costs," Economics Working Papers ECO2010/04, European University Institute.
    85. Claudio Borio & Marco Jacopo Lombardi & James Yetman & Egon Zakrajsek, 2023. "The two-regime view of inflation," BIS Papers, Bank for International Settlements, number 133, July.
    86. Schenkelberg, Heike, 2011. "Why are Prices Sticky? Evidence from Business Survey Data," Discussion Papers in Economics 12158, University of Munich, Department of Economics.
    87. Saten Kumar & Hassan Afrouzi & Olivier Coibion & Yuriy Gorodnichenko, 2015. "Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand," NBER Working Papers 21814, National Bureau of Economic Research, Inc.
    88. Bernardino Adão & André C. Silva, 2021. "Government financing, inflation, and the financial sector," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1357-1396, June.
    89. Mark N. Harris & Hervé Le Bihan & Patrick Sevestre, 2020. "Identifying Price Reviews by Firms: An Econometric Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(2-3), pages 293-322, March.
    90. Vivian Malta & Rene Garcia & Carlos Carvalho & Marco Bonomo, 2015. "Persistent Monetary Non-neutrality in an Estimated Model with Menu Costs and Partially Costly Information," 2015 Meeting Papers 1339, Society for Economic Dynamics.
    91. Erwan Gautier & Ronan Le Saout, 2012. "The Dynamics of Gasoline Prices: Evidence from Daily French Micro Data," Working papers 375, Banque de France.
    92. 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.).
    93. Isaac Baley & Javier Turen, 2024. "Lumpy forecasts," Economics Working Papers 1898, Department of Economics and Business, Universitat Pompeu Fabra.
    94. Adam Reiff & Peter Karadi, 2014. "Menu Costs, Aggregate Fluctuations and Large Shocks," 2014 Meeting Papers 914, Society for Economic Dynamics.
    95. Cheng CHEN & Tatsuro SENGA & Chang SUN & Hongyong ZHANG, 2020. "Information Acquisition and Price Setting under Uncertainty: New Survey Evidence," Discussion papers 20078, Research Institute of Economy, Trade and Industry (RIETI).
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  12. Paciello, Luigi, 2009. "Monetary Policy Activism and Price Responsiveness to Aggregate Shocks under Rational Inattention," MPRA Paper 16407, University Library of Munich, Germany.

    Cited by:

    1. 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.
    2. Maćkowiak, Bartosz & Wiederholt, Mirko, 2011. "Business cycle dynamics under rational inattention," Working Paper Series 1331, European Central Bank.
    3. Slobodyan, Sergey & Wouters, Raf, 2012. "Learning in an estimated medium-scale DSGE model," Journal of Economic Dynamics and Control, Elsevier, vol. 36(1), pages 26-46.
    4. Luigi Paciello, 2009. "Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks?," EIEF Working Papers Series 0917, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2011.

  13. Luigi Paciello, 2009. "Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks?," EIEF Working Papers Series 0917, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2011.

    Cited by:

    1. 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.
    2. Bańbura, Marta & Giannone, Domenico & Lenza, Michele, 2015. "Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections," International Journal of Forecasting, Elsevier, vol. 31(3), pages 739-756.
    3. 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.
    4. 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.
    5. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2013. "Understanding the Great Recession," NBER Chapters, in: Lessons from the Financial Crisis for Monetary Policy, National Bureau of Economic Research, Inc.
    6. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2013. "Unemployment and Business Cycles," NBER Working Papers 19265, National Bureau of Economic Research, Inc.
    7. Francesco Furlanetto & Antoine Lepetit & Ørjan Robstad & Juan F. Rubio-Ramirez & Pål Ulvedal, 2021. "Estimating Hysteresis Effects," Finance and Economics Discussion Series 2021-059, Board of Governors of the Federal Reserve System (U.S.).
    8. Slobodyan, Sergey & Wouters, Raf, 2012. "Learning in an estimated medium-scale DSGE model," Journal of Economic Dynamics and Control, Elsevier, vol. 36(1), pages 26-46.
    9. Claudio Borio & Marco Jacopo Lombardi & James Yetman & Egon Zakrajsek, 2023. "The two-regime view of inflation," BIS Papers, Bank for International Settlements, number 133, July.
    10. Paciello, Luigi, 2009. "Monetary Policy Activism and Price Responsiveness to Aggregate Shocks under Rational Inattention," MPRA Paper 16407, University Library of Munich, Germany.

  14. Luigi Paciello, 2009. "Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention," EIEF Working Papers Series 0916, Einaudi Institute for Economics and Finance (EIEF), revised Sep 2011.

    Cited by:

    1. Bartosz Maćkowiak & Filip Matějka & Mirko Wiederholt, 2023. "Rational Inattention: A Review," Sciences Po Economics Publications (main) hal-03878692, HAL.
    2. Kwangyong Park, 2019. "Uncertainty, Attention Allocation and Monetary Policy Asymmetry," Working Papers 2019-5, Economic Research Institute, Bank of Korea.
    3. Luigi Paciello & Mirko Wiederholt, 2011. "Exogenous Information, Endogenous Information and Optimal Monetary Policy," EIEF Working Papers Series 1104, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2011.
    4. Fabrizio Mazzonna & Franco Peracchi, 2018. "Self-assessed cognitive ability and financial wealth: Are people aware of their cognitive decline?," EIEF Working Papers Series 1808, Einaudi Institute for Economics and Finance (EIEF), revised Sep 2018.
    5. Park, Kwangyong, 2023. "Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?," Journal of Macroeconomics, Elsevier, vol. 78(C).
    6. Penghui Yin, 2018. "Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior," CESifo Working Paper Series 7413, CESifo.
    7. Fang Zhang, 2017. "Rational Inattention in Uncertain Business Cycles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(1), pages 215-253, February.
    8. Herzog, Bodo, 2019. "Optimal policy under uncertainty and rational inattention," Research in International Business and Finance, Elsevier, vol. 50(C), pages 444-449.
    9. Peter Zorn, 2019. "Investment under Rational Inattention: Evidence from US Sectoral Data," 2019 Meeting Papers 577, Society for Economic Dynamics.
    10. Leonardo Melosi, 2012. "Signaling effects of monetary policy," Working Paper Series WP-2012-05, Federal Reserve Bank of Chicago.
    11. Young Se Kim & Byeongdeuk Jang, 2015. "Dispersion of Inflation Expectations: Stylized Facts, Puzzles, and Macroeconomic Implications," Korean Economic Review, Korean Economic Association, vol. 31, pages 89-119.
    12. Mackowiak, Bartosz & Wiederholt, Mirko, 2010. "Business Cycle Dynamics under Rational Inattention," CEPR Discussion Papers 7691, C.E.P.R. Discussion Papers.
    13. 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.
    14. Maćkowiak, Bartosz & Wiederholt, Mirko, 2015. "Inattention to rare events," Working Paper Series 1841, European Central Bank.
    15. Luigi Paciello, 2009. "Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks?," EIEF Working Papers Series 0917, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2011.
    16. Luminita Stevens, 2015. "Coarse Pricing Policies," Staff Report 520, Federal Reserve Bank of Minneapolis.

  15. Luigi Paciello, 2008. "The Response of Prices to Technology and Monetary Policy Shocks under Rational Inattention," EIEF Working Papers Series 0816, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2007.

    Cited by:

    1. Saint-Paul, Gilles, 2010. "A "quantum" approach to rational inattention," CEPR Discussion Papers 7739, C.E.P.R. Discussion Papers.
    2. Bartosz Mackowiak & Mirko Wiederholt, 2008. "Business Cycle Dynamics under Rational Inattention," 2008 Meeting Papers 1059, Society for Economic Dynamics.
    3. Dupor, Bill & Han, Jing & Tsai, Yi-Chan, 2009. "What do technology shocks tell us about the New Keynesian paradigm?," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 560-569, May.
    4. Saint-Paul, Gilles, 2010. "A "quantized" approach to rational inattention," TSE Working Papers 10-144, Toulouse School of Economics (TSE), revised 10 Jan 2011.
    5. Robert B. Barsky & Eric R. Sims, 2009. "Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence," NBER Working Papers 15049, National Bureau of Economic Research, Inc.
    6. Luigi Paciello, 2008. "The Response of Prices to Technology and Monetary Policy Shocks under Rational Inattention," EIEF Working Papers Series 0816, Einaudi Institute for Economics and Finance (EIEF), revised Nov 2007.
    7. Leonardo Melosi, 2009. "A Likelihood Analysis of Models with Information Frictions," PIER Working Paper Archive 09-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    8. Olivier Coibion & Yuriy Gorodnichenko, 2008. "What Can Survey Forecasts Tell Us About Informational Rigidities?," NBER Working Papers 14586, National Bureau of Economic Research, Inc.

Articles

  1. Claudio Michelacci & Luigi Paciello, 2020. "Ambiguous Policy Announcements," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(5), pages 2356-2398.
    See citations under working paper version above.
  2. Luigi Paciello & Andrea Pozzi & Nicholas Trachter, 2019. "Price Dynamics With Customer Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(1), pages 413-446, February.
    See citations under working paper version above.
  3. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2018. "Monetary shocks in models with observation and menu costs," Journal of the European Economic Association, European Economic Association, vol. 16(2), pages 353-382.

    Cited by:

    1. Sarah Arndt & Zeno Enders, 2023. "The Transmission of Supply Shocks in Different Inflation Regimes," CESifo Working Paper Series 10839, CESifo.
    2. Marco Bottone & Alfonso Rosolia, 2019. "Monetary policy, firms’ inflation expectations and prices: causal evidence from firm-level data," Temi di discussione (Economic working papers) 1218, Bank of Italy, Economic Research and International Relations Area.

  4. Fernando E. Alvarez & Francesco Lippi & Luigi Paciello, 2016. "Monetary Shocks in Models with Inattentive Producers," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 83(2), pages 421-459.
    See citations under working paper version above.
  5. Benigno, Pierpaolo & Paciello, Luigi, 2014. "Monetary policy, doubts and asset prices," Journal of Monetary Economics, Elsevier, vol. 64(C), pages 85-98.
    See citations under working paper version above.
  6. Luigi Paciello & Mirko Wiederholt, 2014. "Exogenous Information, Endogenous Information, and Optimal Monetary Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(1), pages 356-388.
    See citations under working paper version above.
  7. 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.
    See citations under working paper version above.
  8. Fernando E. Alvarez & Francesco Lippi & Luigi Paciello, 2011. "Optimal Price Setting With Observation and Menu Costs," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(4), pages 1909-1960.
    See citations under working paper version above.
  9. Luigi Paciello, 2011. "Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1663-1684, December.
    See citations under working paper version above.
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