Report NEP-MAC-2005-09-29
This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra Kumar Mallick issued this report. It is usually issued weekly.Subscribe to this report: email, RSS, or Mastodon, or Bluesky.
Other reports in NEP-MAC
The following items were announced in this report:
- Agustin Carstens & Luis I. Jacome H., 2005, "Latin American Central Bank Reform: Progress and Challenges," Macroeconomics, University Library of Munich, Germany, number 0509022, Sep.
- Javier Díaz-Giménez & Giorgia Giovannetti & Ramon Marimon & Pedro Teles, 2003, "Nominal debt as a burden on monetary policy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 841, Jan, revised Jan 2006.
- Tommy Sveen & Lutz Weinke, 2005, "Is lumpy investment really irrelevant for the business cycle?," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 869, Jun.
- GalÃ, Jordi & Vallés Liberal, Javier & López-Salido, J David, 2005, "Understanding the Effects of Government Spending on Consumption," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5212, Sep.
- Fregert, Klas & Gustafsson, Roger, 2005, "Fiscal statistics for Sweden 1719-2003," Working Papers, Lund University, Department of Economics, number 2005:40, Sep.
- Giuseppe Diana & Pierre-Guillaume Méon, 2005, "Monetary policy in the presence of asymmetric wage indexation," DULBEA Working Papers, ULB -- Universite Libre de Bruxelles, number 05-16.RS, Sep.
- V.V. Chari & Larry E. Jones & Ramon Marimon, 2004, "Strategic delegation in monetary unions," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 842, Apr.
- Szapáry, György & Rose, Andrew & Darvas, Zsolt, 2005, "Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5188, Aug.
- Robert H. Rasche & Marcela M. Williams, 2005, "The effectiveness of monetary policy," Working Papers, Federal Reserve Bank of St. Louis, number 2005-048, DOI: 10.20955/wp.2005.048.
- K. Vela Velupillai, 2005, "Morishima's nonlinear model of the cycle: simplifications and generalizations," Department of Economics Working Papers, Department of Economics, University of Trento, Italia, number 0515.
- Jordi Galí & Tommaso Monacelli, 2004, "Monetary policy and exchange rate volatility in a small open economy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 835, Jul.
- Arthur Grimes, 2005, "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Macroeconomics, University Library of Munich, Germany, number 0509020, Sep.
- Pengfei Wang & Yi Wen, 2005, "Another look at sticky prices and output persistence," Working Papers, Federal Reserve Bank of St. Louis, number 2005-051, DOI: 10.20955/wp.2005.051.
- Schneider, Martin & Doepke, Matthias, 2005, "Real Effects of Inflation Through the Redistribution of Nominal Wealth," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5167, Aug.
- Ingolf Schwarz & Jinhui H. Bai, 2005, "Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets," Discussion Paper Series of the Max Planck Institute for Behavioral Economics, Max Planck Institute for Behavioral Economics, number 2005_18, Sep.
- Bjørn-Roger Wilhelmsen & Andrea Zaghini, 2005, "Monetary policy predictability in the euro area: An international comparison," Working Paper, Norges Bank, number 2005/7, Sep.
- Arthur Grimes, 2005, "Intra & Inter-Regional Industry Shocks: A New Metric with an Application to Australasian Currency Union," Macroeconomics, University Library of Munich, Germany, number 0509019, Sep.
- Riccardo DiCecio, 2005, "Comovement: it's not a puzzle," Working Papers, Federal Reserve Bank of St. Louis, number 2005-035, DOI: 10.20955/wp.2005.035.
- Gunnar Bårdsen & Q. Farooq Akram & Øyvind Eitrheim, 2005, "Monetary policy and asset prices: To respond or not?," Working Paper Series, Department of Economics, Norwegian University of Science and Technology, number 5405, Sep.
- Jordi Galí, 2004, "Modern perspectives on stabilization policies," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 830, Oct, revised Aug 2005.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2004, "Stable sunspot equilibria in a cash-in-advance economy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 844, Feb, revised Jul 2005.
- Reichlin, Lucrezia & Giannone, Domenico & Small, David, 2005, "Nowcasting GDP and Inflation: The Real Time Informational Content of Macroeconomic Data Releases," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5178, Aug.
- Albert Marcet & Juan Pablo Nicolini, 2005, "Money and prices in models of bounded rationality in high inflation economies," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 875, Jan.
- Farley Grubb, 2004, "The Constitutional Creation of a Common Currency in the U.S., 1748-1811: Monetary Stabilization versus Merchant Rent Seeking," Working Papers, University of Delaware, Department of Economics, number 04-07.
- Yi Wen, 2005, "The effectiveness of monetary policy: an assessment," Working Papers, Federal Reserve Bank of St. Louis, number 2005-052, DOI: 10.20955/wp.2005.052.
- Yi Wen, 2006, "Granger causality and equilibrium business cycle theory," Working Papers, Federal Reserve Bank of St. Louis, number 2005-038, DOI: 10.20955/wp.2005.038.
- Mark Mink & Jakob de Haan & Jakob de Haan, 2005, "Has the Stability and Growth Pact Impeded Political Budget Cycles in the European Union?," CESifo Working Paper Series, CESifo, number 1532.
- Danthine, Jean-Pierre & Kurmann, Andre, 2005, "The Macroeconomic Consequences of Reciprocity in Labour Relations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5174, Aug.
- Léonce Ndikumana, 2005, "Can macroeconomic policy stimulate private investment in South Africa? New insights from aggregate and manufacturing sector-level evidence," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2005-14, Sep.
- William T. Gavin, 2005, "Recent developments in monetary macroeconomics and U.S. dollar policy," Working Papers, Federal Reserve Bank of St. Louis, number 2005-062, DOI: 10.20955/wp.2005.062.
- James Bullard & George W. Evans & Seppo Honkapohja, 2005, "Near-Rational Exuberance," University of Oregon Economics Department Working Papers, University of Oregon Economics Department, number 2005-15, Sep, revised 18 Sep 2006.
- James S. Costain & Michael Reiter, 2003, "Business cycles, unemployment insurance and the calibration of matching models," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 872, Jun, revised Oct 2006.
- Beetsma, Roel & Klaassen, Franc & Giuliodori, Massimo, 2005, "Trade Spillovers of Fiscal Policy in the European Union: A Panel Analysis," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5222, Sep.
- Francesco Giavazzi & Tullio Jappelli & Marco Pagano & Marina Benedetti, 2005, "Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 142, Sep.
- Portier, Franck & Beaudry, Paul, 2005, "The 'News' View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral US Data," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5176, Aug.
- Jordi Galí, 2005, "Trends in hours, balanced growth and the role of technology in the business cycle," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 829, Jan.
- Levon Barseghyan & Riccardo DiCecio, 2007, "Optimal monetary policy, endogenous sticky prices and multiplicity of equilibria," Working Papers, Federal Reserve Bank of St. Louis, number 2005-036, DOI: 10.20955/wp.2005.036.
- Assaf Razin & Prakash Loungani, 2005, "Globalization and Inflation-Output Tradeoffs," NBER Working Papers, National Bureau of Economic Research, Inc, number 11641, Sep.
- Szapáry, György & Darvas, Zsolt, 2005, "Business Cycle Sychronization in the Enlarged EU," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5179, Aug.
- Jordi Galí & Mark Gertler & J. David López-Salido, 2005, "Markups, gaps and the welfare costs of business fluctuations," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 836, May.
- Mª Ángeles Caraballo Pou & Carlos Dabús, 2005, "Nominal rigidities, relative prices and skewness," Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces, number E2005/17.
- Yi Wen, 2005, "By force of demand: explaining international comovements and the saving-investment correlation puzzle," Working Papers, Federal Reserve Bank of St. Louis, number 2005-043, DOI: 10.20955/wp.2005.043.
- Bhattacharya, Joydeep & Haslag, Joseph & Martin, Antoine, 2009, "Optimal Monetary Policy and Economic Growth," Staff General Research Papers Archive, Iowa State University, Department of Economics, number 12413, Jan.
- Item repec:kie:kieliw:1257 is not listed on IDEAS anymore
- Emmanuel Dhyne & Luis J. Álvarez & Hervé Le Bihan & Giovanni Veronese & Daniel Dias & Johannes Hoffmann & Nicole Jonker & Patrick Lünnemann & Fabio Rumler & Jouko Vilmunen, 2005, "Price setting in the euro area: Some stylized facts from Individual Consumer Price Data," Working Paper Research, National Bank of Belgium, number 74, Sep.
- Item repec:hhb:aaracc:05-005 is not listed on IDEAS anymore
- Eijffinger, Sylvester & Franco, Daniele & Buti, Marco, 2005, "The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5216, Sep.
- Laurence S. Seidman & Kenneth A. Lewis, 2004, "Transfers Plus Open-Market Purchases: a Remedy for Recession," Working Papers, University of Delaware, Department of Economics, number 04-02.
- Massimo Guidolin & Sadayuki Ono, 2005, "Are the dynamic linkages between the macroeconomy and asset prices time-varying?," Working Papers, Federal Reserve Bank of St. Louis, number 2005-056, DOI: 10.20955/wp.2005.056.
- Aidt, T.S. & Tzannatos, Z., 2005, "The Cost and Benefits of Collective Bargaining," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 0541, Sep.
- Lloyd-Braga, Teresa & Nourry, Carine & Venditti, Alain, 2005, "Indeterminacy in Dynamic Models: When Diamond Meets Ramsey," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5255, Sep.
- Item repec:dgr:kubcen:2005101 is not listed on IDEAS anymore
- Woon Gyu Choi & Yi Wen, 2005, "Measuring interest rates as determined by thrift and productivity," Working Papers, Federal Reserve Bank of St. Louis, number 2005-037, DOI: 10.20955/wp.2005.037.
- Item repec:dgr:umamer:2005018 is not listed on IDEAS anymore
- Chang, Yongsung & Schorfheide, Frank & Doh, Taeyoung, 2005, "Non-stationary Hours in a DSGE Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5232, Sep.
- Lars E. O. Svensson & Robert J. Tetlow, 2005, "Optimal policy projections," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-34.
- K. Vela Velupillai, 2005, "The impossibility of an effective theory of policy in a complex economy," Department of Economics Working Papers, Department of Economics, University of Trento, Italia, number 0514.
- Item repec:dgr:kubcen:200595 is not listed on IDEAS anymore
- Joseph E. Gagnon, 2005, "Currency Crashes and Bond Yields in Industrial Countries," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 837.
- Constantin Gurdgiev, 2005, "Habits in Consumption, Transactions Learning And Economic Growth," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number 200055, Aug.
- Jim Dolmas, 2005, "Trimmed mean PCE inflation," Working Papers, Federal Reserve Bank of Dallas, number 0506.
- Item repec:tcd:wpaper:tep5 is not listed on IDEAS anymore
- Yi Wen, 2005, "The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories," Working Papers, Federal Reserve Bank of St. Louis, number 2005-046, DOI: 10.20955/wp.2005.046.
- Pedro Silos, 2005, "Housing, portfolio choice, and the macroeconomy," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-21.
- Viv B Hall & C. John McDermott, 2005, "Regional business cycles in New Zealand:Do they exist? What might drive them?," Urban/Regional, University Library of Munich, Germany, number 0509013, Sep.
- Karsten Jeske & Dirk Krueger, 2005, "Housing and the macroeconomy: the role of implicit guarantees for government-sponsored enterprises," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-15.
- Stephen F. Quinn & William Roberds, 2005, "The big problem of large bills: the Bank of Amsterdam and the origins of central banking," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-16.
- Wouter J. Den Haan & Christian Haefke & Garey Ramey, 2004, "Turbulence and unemployment in a job matching model," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 792, Nov.
- Uhlig, Harald & De Fiore, Fiorella, 2005, "Bank Finance versus Bond Finance: What Explains the Differences Between the US and Europe?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5213, Sep.
- Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2005, "The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5259, Sep.
- Item repec:dgr:umamet:2005031 is not listed on IDEAS anymore
- Luis Aguiar-Conraria & Yi Wen, 2006, "Understanding the large negative impact of oil shocks," Working Papers, Federal Reserve Bank of St. Louis, number 2005-042, DOI: 10.20955/wp.2005.042.
- Kimlong Chheng, 2005, "How Do Economic Freedom and Investment Affect Economic Growth?," Macroeconomics, University Library of Munich, Germany, number 0509021, Sep.
- Toshihiko Mukoyama & Ayşegül Şahin, 2005, "The cost of business cycles for unskilled workers," Staff Reports, Federal Reserve Bank of New York, number 214, Jul.
- Peter Temin & Joachim Voth, 2004, "Credit rationing and crowding out during the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 859, Feb, revised Jan 2005.
- Michael T. Owyang & Jeremy M. Piger & Howard J. Wall, 2005, "The 2001 recession and the states of the Eighth Federal Reserve District," Working Papers, Federal Reserve Bank of St. Louis, number 2005-053, DOI: 10.20955/wp.2005.053.
- Item repec:wpa:wuwpot:0509016 is not listed on IDEAS anymore
- Ricardo J. Caballero & Arvind Krishnamurthy, 2005, "Bubbles and Capital Flow Volatility: Causes and Risk Management," NBER Working Papers, National Bureau of Economic Research, Inc, number 11618, Sep.
- Ali Dib & Mohamed Gammoudi & Kevin Moran, 2005, "Forecasting Canadian Time Series with the New-Keynesian Model," Cahiers de recherche, CIRPEE, number 0527.
- Jean Imbs & Romain Rancière, 2005, "The overhang hangover," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 878, Jun.
- Xavier Cuadras Morató, 2005, "Circulation of private notes during a currency shortage," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 811, Mar.
- Item repec:imf:imfocp:227 is not listed on IDEAS anymore
- Alejandro Gaytan & Romain Rancière, 2004, "Wealth, financial intermediation and growth," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 851, Jan, revised Apr 2004.
- Item repec:wpa:wuwpot:0509014 is not listed on IDEAS anymore
- William Barnett & Apostolos Serletis & Demitre Serletis, 2005, "Nonlinear and Complex Dynamics in Real Systems," GE, Growth, Math methods, University Library of Munich, Germany, number 0509002, Sep.
- Item repec:wpa:wuwpot:0509015 is not listed on IDEAS anymore
- Peter Temin & Joachim Voth, 2005, "Private borrowing during the financial revolution: Hoare’s Bank and its customers, 1702-1724," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 860, May.
- Fecht, Falko & Grüner, Hans Peter, 2005, "Financial Integration and Systemic Risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5253, Sep.
- William Barnett & Apostolos Serletis & Demitre Serletis, 2005, "Nonlinear and Complex Dynamics in Real Systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 200517, Sep, revised Sep 2005.
- Item repec:wpa:wuwpot:0509017 is not listed on IDEAS anymore
- Alberto Martin & Jaume Ventura, 2003, "Economic growth with bubbles," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 848, Nov, revised Sep 2011.
- Mark Aguiar & Erik Hurst, 2005, "Lifecycle Prices and Production," NBER Working Papers, National Bureau of Economic Research, Inc, number 11601, Sep.
- Kugler, Adriana D. & Pica, Giovanni, 2005, "Effects of Employment Protection on Worker and Job Flows: Evidence from the 1990 Italian Reform," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5256, Sep.
- Mark Aguiar & Fernando Broner, 2001, "Determining underlying macroeconomic fundamentals during emerging market crises: Are conditions as bad as they seem?," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 863, Aug, revised Aug 2004.
- E.Panopoulou, 2005, "A Resolution of the Fisher Effect Puzzle: A Comparison of Estimators," Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth, number n1500205, Feb.
- Elisa Alòs & Christian-Olivier Ewald, 2005, "A note on the Malliavin differentiability of the Heston volatility," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 880, Aug.
- Nico Voigtländer & Joachim Voth, 2005, "Why England? Demand, growth and inequality during the Industrial Revolution," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 857, May, revised Dec 2006.
- Massimo Guidolin & Allan Timmerman, 2007, "Forecasts of U.S. short-term interest rates: a flexible forecast combination approach," Working Papers, Federal Reserve Bank of St. Louis, number 2005-059, DOI: 10.20955/wp.2005.059.
- Alberto Alesina & Guido Tabellini, 2005, "Why is Fiscal Policy Often Procyclical?," NBER Working Papers, National Bureau of Economic Research, Inc, number 11600, Sep.
- Storesletten, Kjetil & Violante, Giovanni & Heathcote, Jonathan, 2005, "Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5200, Aug.
- Salvatore Nistico, 2005, "Dall'euforia alla crisi: etica e fiducia nei mercati finanziari," Macroeconomics, University Library of Munich, Germany, number 0509018, Sep.
- Thomas Cooley & Ramon Marimon & Vicenzo Quadrini, 1999, "Aggregate consequences of limited contract enforceability," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 843, Jun, revised Oct 2003.
- George W. Evans & Seppo Honkapohja & Noah Williams, 2005, "Generalized Stochastic Gradient Learning," University of Oregon Economics Department Working Papers, University of Oregon Economics Department, number 2005-17, Sep, revised 18 May 2008.
- Josep M. Colomer, 2005, "Policy making in divided government. A pivotal actors model with party discipline," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 817, Mar.
- Item repec:dgr:umamet:2005024 is not listed on IDEAS anymore
- Caselli, Francesco & Feyrer, James, 2005, "The Marginal Product of Capital," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5203, Aug.
- Charles W. Calomiris & Joseph R. Mason, 2005, "Resolving the puzzle of the underissuance of national bank notes," Working Papers, Federal Reserve Bank of Philadelphia, number 05-19.
- Item repec:dgr:umamet:2005023 is not listed on IDEAS anymore
- Fernando Broner, 2003, "Discrete devaluations and multiple equilibria in a first generation model of currency crises," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 839, Nov, revised Jan 2007.
- Kugler, Peter & Weder di Mauro, Beatrice, 2005, "Why Are Returns on Swiss Franc Assets So Low? Rare Events May Solve the Puzzle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 5181, Aug.
- Item repec:dgr:umamer:2005016 is not listed on IDEAS anymore
- Gerhard Glomm & Jürgen Jung & Changmin Lee & Chung Tran, 2005, "Public Pensions and Capital Accumulation: The Case of Brazil," CESifo Working Paper Series, CESifo, number 1539.
- Fernando Broner & Guido Lorenzoni & Sergio L. Schmukler, 2003, "Why do emerging economies borrow short term?," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 838, Aug, revised Dec 2011.
- Peter Temin & Joachim Voth, 2004, "Riding the South Sea bubble," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 861, Dec.
- Denis Kadochnikov, 2005, "Economic Impact of Capital Flight from Russia and its Institutional Context: Why Capital Controls cannot be a Part of a Pro- Growth Policy," International Finance, University Library of Munich, Germany, number 0509007, Sep, revised 21 Sep 2005.
- D. Duffy & M.J. Roche, 2005, "Heterogeneous Homebuyers, Mortgage Choice and the use of Mortgage Brokers," Economics Department Working Paper Series, Department of Economics, National University of Ireland - Maynooth, number n1520205, Feb.
- Philippe Bacchetta & Eric van Wincoop, 2005, "Can Information Heterogeneity Explain the Exchange Rate Determination?," FAME Research Paper Series, International Center for Financial Asset Management and Engineering, number rp155, Aug.
- Josep M. Colomer, 2005, "The left-right dimension in Latin America," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 813, Mar.
- Philippe Bacchetta & Eric van Wincoop, 2005, "Rational Inattention: A Solution to the Forward Discount Puzzle," FAME Research Paper Series, International Center for Financial Asset Management and Engineering, number rp156, Sep.
- Philippe Bacchetta & Eric van Wincoop, 2005, "Rational Inattention: A Solution to the Forward Discount Puzzle," NBER Working Papers, National Bureau of Economic Research, Inc, number 11633, Sep.
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