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Luminita Stevens

Personal Details

First Name:Luminita
Middle Name:
Last Name:Stevens
Suffix:
RePEc Short-ID:pst587
[This author has chosen not to make the email address public]
http://econweb.umd.edu/~stevens/research.html

Affiliation

Department of Economics
University of Maryland

College Park, Maryland (United States)
http://www.bsos.umd.edu/econ/
RePEc:edi:deumdus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Ryan Chahrour & Luminita Stevens, 2019. "Price Dispersion and the Border Effect," 2019 Meeting Papers 947, Society for Economic Dynamics.
  2. Mel Khaw & Luminita Stevens & Michael Woodford, 2018. "Adjustment Dynamics During a Strategic Estimation Task," 2018 Meeting Papers 1315, Society for Economic Dynamics.
  3. Michael Woodford & Luminita Stevens & Mel Win Khaw, 2017. "Empirical Models of Inattentive Adjustment," 2017 Meeting Papers 868, Society for Economic Dynamics.
  4. Mel Win Khaw & Luminita Stevens & Michael Woodford, 2016. "Discrete Adjustment to a Changing Environment: Experimental Evidence," CESifo Working Paper Series 6273, CESifo.
  5. Luminita Stevens, 2015. "Coarse Pricing Policies," Staff Report 520, Federal Reserve Bank of Minneapolis.
  6. Ryan Chahrour & Luminita Stevens, 2015. "Equilibrium Price Dispersion and the Border Effect," Staff Report 522, Federal Reserve Bank of Minneapolis.
  7. Marcin Kacperczyk & Jaromir B. Nosal & Luminita Stevens, 2014. "Investor Sophistication and Capital Income Inequality," NBER Working Papers 20246, National Bureau of Economic Research, Inc.
  8. Luminita Stevens, 2014. "Sticky Multiple-Price Policies," 2014 Meeting Papers 406, Society for Economic Dynamics.
  9. Luminita Stevens & Jaromir Nosal & Marcin Kacperczyk, 2013. "Investor Polarization, Trading Volume, and Return Dynamics," 2013 Meeting Papers 1025, Society for Economic Dynamics.
  10. Luminita Stevens, 2011. "Pricing Regimes in Disaggregated Data," 2011 Meeting Papers 1389, Society for Economic Dynamics.

Articles

  1. Chahrour, Ryan & Stevens, Luminita, 2020. "Price dispersion and the border effect," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 135-146.
  2. Luminita Stevens, 2020. "Coarse Pricing Policies," Review of Economic Studies, Oxford University Press, vol. 87(1), pages 420-453.
  3. Kacperczyk, Marcin & Nosal, Jaromir & Stevens, Luminita, 2019. "Investor sophistication and capital income inequality," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 18-31.
  4. 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.

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. Mel Khaw & Luminita Stevens & Michael Woodford, 2018. "Adjustment Dynamics During a Strategic Estimation Task," 2018 Meeting Papers 1315, Society for Economic Dynamics.

    Cited by:

    1. Mauersberger, Felix & Nagel, Rosemarie & Bühren, Christoph, 2020. "Bounded rationality in Keynesian beauty contests: A lesson for central bankers?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW), vol. 14, pages 1-38.

  2. Michael Woodford & Luminita Stevens & Mel Win Khaw, 2017. "Empirical Models of Inattentive Adjustment," 2017 Meeting Papers 868, Society for Economic Dynamics.

    Cited by:

    1. 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. Mel Win Khaw & Luminita Stevens & Michael Woodford, 2016. "Discrete Adjustment to a Changing Environment: Experimental Evidence," CESifo Working Paper Series 6273, CESifo.

    Cited by:

    1. Pan, Jinrui & Shachat, Jason & Wei, Sijia, 2018. "Cognitive stress and learning Economic Order Quantity (EOQ) inventory management: An experimental investigation," MPRA Paper 86221, University Library of Munich, Germany.
    2. Emanuele Ciani & Adeline Delavande & Ben Etheridge & Marco Francesconi, 2019. "Policy Uncertainty and Information Flows: Evidence from Pension Reform Expectations," CESifo Working Paper Series 7851, CESifo.
    3. George-Marios Angeletos & Chen Lian, 2018. "Forward Guidance without Common Knowledge," American Economic Review, American Economic Association, vol. 108(9), pages 2477-2512, September.
    4. Rava Azeredo da Silveira & Yeji Sung & Michael Woodford, 2020. "Optimally Imprecise Memory and Biased Forecasts," CESifo Working Paper Series 8709, CESifo.
    5. James Costain & Anton Nakov, 2013. "Logit price dynamics," Working Papers 1301, Banco de España.
    6. Bassanin, Marzio & Faia, Ester & Patella, Valeria, 2021. "Ambiguity attitudes and the leverage cycle," Journal of International Economics, Elsevier, vol. 129(C).
    7. Maćkowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2021. "Rational inattention: a review," Working Paper Series 2570, European Central Bank.
    8. Erwan Gautier & Eric Mengus, 2020. "What Matters in Households’ Inflation Expectations?Author-Name: Philippe Andrade," Working papers 770, Banque de France.
    9. Camille Cornand & Frank Heinemann, 2018. "Experiments on macroeconomics: methods and applications," Working Papers halshs-01809937, HAL.
    10. Mauersberger, Felix & Nagel, Rosemarie & Bühren, Christoph, 2020. "Bounded rationality in Keynesian beauty contests: A lesson for central bankers?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW), vol. 14, pages 1-38.
    11. Mackowiak, Bartosz Adam & Matejka, Filip & Wiederholt, Mirko, 2018. "Survey: Rational Inattention, a Disciplined Behavioral Model," CEPR Discussion Papers 13243, C.E.P.R. Discussion Papers.
    12. Xavier Gabaix, 2017. "Behavioral Inattention," NBER Working Papers 24096, National Bureau of Economic Research, Inc.
    13. Anantha Divakaruni & Peter Zimmerman, 2021. "Uncovering Retail Trading in Bitcoin: The Impact of COVID-19 Stimulus Checks," Working Papers 202113, Federal Reserve Bank of Cleveland.
    14. Mel W Khaw & Luminita Stevens & Michael Woodford, 2021. "Individual differences in the perception of probability," PLOS Computational Biology, Public Library of Science, vol. 17(4), pages 1-25, April.
    15. James Costain, 2017. "Costly decisions and sequential bargaining," Working Papers 1729, Banco de España.
    16. Hassan Afrouzi, 2020. "Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money," CESifo Working Paper Series 8218, CESifo.
    17. Matysková, Ludmila & Rogers, Brian & Steiner, Jakub & Sun, Keh-Kuan, 2020. "Habits as adaptations: An experimental study," Games and Economic Behavior, Elsevier, vol. 122(C), pages 391-406.
    18. Francesco Bianchi & Sydney C. Ludvigson & Sai Ma, 2020. "Belief Distortions and Macroeconomic Fluctuations," NBER Working Papers 27406, National Bureau of Economic Research, Inc.

  4. Luminita Stevens, 2015. "Coarse Pricing Policies," Staff Report 520, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. 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.
    2. Javier Turén, 2019. "Rational Inattention-driven dispersion with volatility shocks," Documentos de Trabajo 530, Instituto de Economia. Pontificia Universidad Católica de Chile..
    3. Sushant Acharya & Shu Lin Wee, 2020. "Rational Inattention in Hiring Decisions," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(1), pages 1-40, January.
    4. Kacperczyk, Marcin & Nosal, Jaromir & Stevens, Luminita, 2018. "Investor Sophistication and Capital Income Inequality," CEPR Discussion Papers 12870, C.E.P.R. Discussion Papers.
    5. Blanco, Andres & Diaz de Astarloa, Bernardo & Drenik, Andres & Moser, Christian & Trupkin, Danilo, 2021. "The Evolution of the Earnings Distribution in a Volatile Economy: Evidence from Argentina," CEPR Discussion Papers 16118, C.E.P.R. Discussion Papers.
    6. 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.
    7. Cosmin Ilut & Rosen Valchev & Nicolas Vincent, 2020. "Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty," Econometrica, Econometric Society, vol. 88(5), pages 1899-1938, September.
    8. James Costain & Anton Nakov, 2013. "Logit price dynamics," Working Papers 1301, Banco de España.
    9. Edward Knotek II, 2016. "The Roles of Price Points and Menu Costs in Price Rigidity," 2016 Meeting Papers 1563, Society for Economic Dynamics.
    10. Mackowiak, Bartosz Adam & Matejka, Filip & Wiederholt, Mirko, 2016. "The Rational Inattention Filter," CEPR Discussion Papers 11237, C.E.P.R. Discussion Papers.
    11. 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.
    12. Maćkowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2021. "Rational inattention: a review," Working Paper Series 2570, European Central Bank.
    13. Erwan Gautier & Eric Mengus, 2020. "What Matters in Households’ Inflation Expectations?Author-Name: Philippe Andrade," Working papers 770, Banque de France.
    14. Sushant Acharya, 2014. "Costly information, planning complementarities and the Phillips Curve," Staff Reports 698, Federal Reserve Bank of New York.
    15. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    16. Mackowiak, Bartosz Adam & Matejka, Filip & Wiederholt, Mirko, 2018. "Survey: Rational Inattention, a Disciplined Behavioral Model," CEPR Discussion Papers 13243, C.E.P.R. Discussion Papers.
    17. Yoshiyuki Kurachi & Kazuhiro Hiraki & Shinichi Nishioka, 2016. "Does a Higher Frequency of Micro-level Price Changes Matter for Macro Price Stickiness?: Assessing the Impact of Temporary Price Changes," Bank of Japan Working Paper Series 16-E-9, Bank of Japan.
    18. Cabrales, Antonio & Gossner, Olivier & Serrano, Roberto, 2017. "A normalized value for information purchases," LSE Research Online Documents on Economics 82501, London School of Economics and Political Science, LSE Library.
    19. Ricardo Reis, 2020. "Comment on "Imperfect Expectations: Theory and Evidence"," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 99-111, National Bureau of Economic Research, Inc.
    20. Nimark, Kristoffer P. & Pitschner, Stefan, 2019. "News media and delegated information choice," Journal of Economic Theory, Elsevier, vol. 181(C), pages 160-196.
    21. Hassan Afrouzi, 2020. "Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money," CESifo Working Paper Series 8218, CESifo.
    22. Cosmin L. Ilut & Rosen Valchev, 2020. "Economic Agents as Imperfect Problem Solvers," NBER Working Papers 27820, National Bureau of Economic Research, Inc.
    23. Maćkowiak, Bartosz & Matějka, Filip & Wiederholt, Mirko, 2018. "Dynamic rational inattention: Analytical results," Journal of Economic Theory, Elsevier, vol. 176(C), pages 650-692.

  5. Ryan Chahrour & Luminita Stevens, 2015. "Equilibrium Price Dispersion and the Border Effect," Staff Report 522, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Neil Balchin, Lawrence Edwards and Asha Sundaram, 2014. "A Disaggregated Analysis of Product Price Integration in the Southern African Development Community," Working Papers 421, Economic Research Southern Africa.

  6. Marcin Kacperczyk & Jaromir B. Nosal & Luminita Stevens, 2014. "Investor Sophistication and Capital Income Inequality," NBER Working Papers 20246, National Bureau of Economic Research, Inc.

    Cited by:

    1. Thomas Blanchet & Juliette Fournier & Thomas Piketty, 2017. "Generalized Pareto Curves : Theory and Applications," PSE Working Papers halshs-02658851, HAL.
    2. Andreas Fagereng & Luigi Guiso & Luigi Pistaferri & Davide Malacrino, 2019. "Heterogeneity and persistence in returns to wealth," Discussion Papers 912, Statistics Norway, Research Department.
    3. Maryam Farboodi & Laura Veldkamp, 2017. "Long Run Growth of Financial Technology," NBER Working Papers 23457, National Bureau of Economic Research, Inc.
    4. Maryam Farboodi & Adrien Matray & Laura Veldkamp & Venky Venkateswaran, 2020. "Where Has All the Data Gone?," NBER Working Papers 26927, National Bureau of Economic Research, Inc.
    5. Tyrowicz, Joanna, 2020. "Are incentivized old-age savings schemes effective under incomplete rationality?," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224526, Verein für Socialpolitik / German Economic Association.
    6. Karl Schulz, 2021. "Redistribution of Return Inequality," CESifo Working Paper Series 8996, CESifo.
    7. Pástor, Luboš & Veronesi, Pietro, 2015. "Income Inequality and Asset Prices under Redistributive Taxation," CEPR Discussion Papers 10899, C.E.P.R. Discussion Papers.
    8. Agnieszka Markiewicz & Rafal Raciborski, . "Income Inequality and Stock Market Returns," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics.
    9. Mariacristina De Nardi & Giulio Fella, 2017. "Saving and Wealth Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 280-300, October.
    10. Kuo-Shing Chen & Chien-Chiang Lee & Huolien Tsai, 2019. "Taxation of Wealthy Individuals, Inequality Governance and Corporate Social Responsibility," Sustainability, MDPI, Open Access Journal, vol. 11(7), pages 1-23, March.
    11. Luigi Guiso & Tullio Jappelli, 2020. "Investment in Financial Information and Portfolio Performance," Economica, London School of Economics and Political Science, vol. 87(348), pages 1133-1170, October.
    12. Laura Veldkamp & Anna Orlik, 2016. "Understanding Uncertainty Shocks and the Role of the Black Swan," Working Papers 16-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    13. Farboodi, Maryam & Veldkamp, Laura, 2018. "Long Run Growth of Financial Data Technology," CEPR Discussion Papers 13278, C.E.P.R. Discussion Papers.
    14. Stylianos Papageorgiou & Dimitrios Xefteris, 2021. "A Collective Investment in Financial Literacy by Heterogeneous Households," University of Cyprus Working Papers in Economics 04-2021, University of Cyprus Department of Economics.
    15. Juliane Begenau & Laura Veldkamp & Maryam Farboodi, 2018. "Big Data in Finance and the Growth of Large Firms," 2018 Meeting Papers 155, Society for Economic Dynamics.
    16. Begenau, Juliane & Farboodi, Maryam & Veldkamp, Laura, 2018. "Big data in finance and the growth of large firms," Journal of Monetary Economics, Elsevier, vol. 97(C), pages 71-87.
    17. Savitar Sundaresan & Jaromir Nosal & Marcin Kacperczyk, 2017. "Market Power and Informational Efficiency," 2017 Meeting Papers 356, Society for Economic Dynamics.
    18. Joanna Tyrowicz & Krzysztof Makarski & Artur Rutkowski, 2020. "Fiscal incentives to pension savings – are they efficient?," Working Paper series 20-06, Rimini Centre for Economic Analysis.
    19. Fagereng, Andreas & Guiso, Luigi & Holm, Martin & Pistaferri, Luigi, 2020. "K-Returns to Education," CEPR Discussion Papers 14310, C.E.P.R. Discussion Papers.
    20. John Stachurski, 2019. "Power Laws without Gibrat's Law," Papers 1910.14023, arXiv.org.
    21. Maryam Farboodi & Laura Veldkamp, 2018. "Long Run Growth of Financial Data Technology," Working Papers 18-09, New York University, Leonard N. Stern School of Business, Department of Economics.
    22. Mariacristina De Nardi & Giulio Fella & Fang Yang, 2015. "Piketty's Book and Macro Models of Wealth Inequality," NBER Working Papers 21730, National Bureau of Economic Research, Inc.
    23. Macaulay, Alistair, 2021. "The attention trap: Rational inattention, inequality, and fiscal policy," European Economic Review, Elsevier, vol. 135(C).
    24. Juliane Begenau & Maryam Farboodi & Laura Veldkamp, 2018. "Big Data in Finance and the Growth of Large Firms," NBER Working Papers 24550, National Bureau of Economic Research, Inc.
    25. Leyla Jianyu Han & Kenneth Kasa, 2019. "Ambiguity and Information Processing in a Model of Intermediary Asset Pricing," Discussion Papers dp19-04, Department of Economics, Simon Fraser University.
    26. Rosenfeld, Martin T. W. & Stefansky, Andreas (ed.), 2021. ""Metropolregion Mitteldeutschland" aus raumwissenschaftlicher Sicht," Arbeitsberichte der ARL, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft, volume 30, number 30.
    27. Andre Veiga & Ansgar Walther, 2016. "Social Media, News Media and the Stock Market," Economics Series Working Papers Paper-805, University of Oxford, Department of Economics.
    28. Shubin Wang & Junsheng Ha & Hakan Kalkavan & Serhat Yüksel & Hasan Dinçer, 2020. "IT2-Based Hybrid Approach for Sustainable Economic Equality: A Case of E7 Economies," SAGE Open, , vol. 10(2), pages 21582440209, May.
    29. Lei, Xiaowen, 2019. "Information and Inequality," Journal of Economic Theory, Elsevier, vol. 184(C).
    30. Andrea L. Eisfeldt & Hanno Lustig & Lei Zhang, 2017. "Complex Asset Markets," NBER Working Papers 23476, National Bureau of Economic Research, Inc.
    31. Heejeong Kim & Aubhik Khan, 2015. "Segmented Asset Markets and the Distribution of Wealth," 2015 Meeting Papers 1385, Society for Economic Dynamics.
    32. Juliane Begenau & Maryam Farboodi & Laura Veldkamp, 2018. "Big Data in Finance and the Growth of Large Firms," Working Papers 18-08, New York University, Leonard N. Stern School of Business, Department of Economics.
    33. Aart Gerritsen & Bas Jacobs & Alexandra V. Rusu & Kevin Spiritus, 2020. "Optimal Taxation of Capital Income with Heterogeneous Rates of Return," Tinbergen Institute Discussion Papers 20-038/VI, Tinbergen Institute.
    34. Laura Veldkamp & Maryam Farboodi, 2016. "The Long-Run Evolution of the Financial Sector," 2016 Meeting Papers 530, Society for Economic Dynamics.
    35. Huang, Shiyang & Huang, Yulin & Lin, Tse-Chun, 2019. "Attention allocation and return co-movement: Evidence from repeated natural experiments," Journal of Financial Economics, Elsevier, vol. 132(2), pages 369-383.
    36. Rosenfeld, Martin T. W., 2021. "Wie sind die mitteldeutsche Metropolregion und ihre Aktivitäten zu bewerten?," Arbeitsberichte der ARL: Aufsätze, in: Rosenfeld, Martin T. W. & Stefansky, Andreas (ed.), "Metropolregion Mitteldeutschland" aus raumwissenschaftlicher Sicht, volume 30, pages 194-206, ARL – Akademie für Raumentwicklung in der Leibniz-Gemeinschaft.

  7. Luminita Stevens, 2011. "Pricing Regimes in Disaggregated Data," 2011 Meeting Papers 1389, Society for Economic Dynamics.

    Cited by:

    1. Luminita Stevens, 2020. "Coarse Pricing Policies," Review of Economic Studies, Oxford University Press, vol. 87(1), pages 420-453.
    2. Emi Nakamura & Jón Steinsson, 2013. "Price Rigidity: Microeconomic Evidence and Macroeconomic Implications," NBER Working Papers 18705, National Bureau of Economic Research, Inc.

Articles

  1. Luminita Stevens, 2020. "Coarse Pricing Policies," Review of Economic Studies, Oxford University Press, vol. 87(1), pages 420-453.
    See citations under working paper version above.
  2. Kacperczyk, Marcin & Nosal, Jaromir & Stevens, Luminita, 2019. "Investor sophistication and capital income inequality," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 18-31.
    See citations under working paper version above.
  3. 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.
    See citations under working paper version above.Sorry, no citations of articles recorded.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 11 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (5) 2014-06-28 2014-11-17 2015-12-01 2016-01-18 2016-01-29. Author is listed
  2. NEP-EXP: Experimental Economics (4) 2017-01-01 2017-01-15 2017-11-19 2018-08-27
  3. NEP-OPM: Open Economy Macroeconomics (3) 2016-01-18 2016-01-29 2019-10-07
  4. NEP-DGE: Dynamic General Equilibrium (2) 2014-06-28 2016-01-29
  5. NEP-COM: Industrial Competition (1) 2016-01-29
  6. NEP-IFN: International Finance (1) 2018-05-07
  7. NEP-INT: International Trade (1) 2019-10-07
  8. NEP-URE: Urban & Real Estate Economics (1) 2019-10-07

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