Yokoo, Masanori; Ishida, Junichiro - In: Journal of Economic Dynamics and Control 32 (2008) 6, pp. 1732-1753
In a large economy, it is extremely difficult, if not impossible, to immediately grasp the state of our surrounding environment with precision since we normally have access only to a subset of relevant information. In this paper, we introduce this information imperfection into an ordinary model...
