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Monetary Policy, Endogenous Inattention, and the Volatility Trade-Off

Branch, William; Carlson, John B.; Evans, George W.; … - 2007

This paper addresses the output-price volatility puzzle by studying the interaction of optimal monetary policy and … on expected forecast errors and information costs. Endogenous inattention is a Nash equilibrium in the information … processing rate. Although a decline of policy activism directly increases output volatility, it indirectly anchors expectations …

Persistent link: https://www.econbiz.de/10014223070

News shocks, monetary policy, and amplification effects in New Keynesian macroeconomics

Offick, Sven - 2015

Persistent link: https://www.econbiz.de/10011431930

Exchange rates and fundamentals : forecasting with long maturity forward rates

Darvas, Zsolt M.; Schepp, Zoltán - In: Journal of international money and finance 143 (2024), pp. 1-24

Persistent link: https://www.econbiz.de/10014551354

Empirical calibration of adaptive learning

Berardi, Michele; Galimberti, Jaqueson K. - 2015

Adaptive learning introduces persistence in the evolution of agents' beliefs over time. For applied purposes this is a convenient feature to help explain why economies present sluggish adjustments towards equilibrium. The pace of learning is directly determined by the gain parameter, which...

Persistent link: https://www.econbiz.de/10011316387

Monetary policy, endogenous inattention, and the volatility trade-off

Branch, William A.; Carlson, John B.; Evans, George W.; … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002550213

Monetary policy, endogeneous inattention and the volatility trade-off

Branch, William A.; Carlson, John B.; Evans, George W.; … - In: The economic journal : the journal of the Royal … 119 (2009), pp. 123-157

Persistent link: https://www.econbiz.de/10003805228

Associative memory and belief formation

Enke, Benjamin; Schwerter, Frederik; Zimmermann, Florian - 2019

This paper experimentally studies the role of associative memory for belief formation. Realworld information signals are often embedded in memorable contexts. Thus, today’s news, and the contexts they are embedded in, may cue the selective retrieval of similar past news and hence contribute to...

Persistent link: https://www.econbiz.de/10012118551

Expectation dispersion, uncertainty, and the reaction to news

Born, Benjamin; Dovern, Jonas; Enders, Zeno - 2020

Releases of key macroeconomic indicators are closely watched by financial markets. We investigate the role of expectation dispersion and economic uncertainty for the stock-market reaction to indicator releases. We find that the strength of the financial market response to news decreases with the...

Persistent link: https://www.econbiz.de/10012404549

Expectation dispersion, uncertainty, and the reaction to news

Born, Benjamin; Dovern, Jonas; Enders, Zeno - 2020

Persistent link: https://www.econbiz.de/10012404647

Oil price returns skewness and forecastability of international stock returns over one century of data

Salisu, Afees A.; Gupta, Rangan - 2023

Persistent link: https://www.econbiz.de/10014443111