Two business cycle models with endogenous firm and product entry are estimated by
matching impulse responses to a monetary policy shock. The 'competition effect'implies that …

Understanding the role of sticky price and sticky information for inflation dynamics is a key
issue in economics. The literature has treated the two forms of stickiness as independent …

This paper studies a dynamic stochastic general equilibrium model with inattentive agents to
explain the dynamic patterns of inflation forecast errors. Empirical findings suggest that …

This paper estimates information stickiness with regard to inflation expectations in the United
States and the Eurozone for the 1981/06–2015/12 and 1998/Q4–2015/Q2 periods …

Empirical and institutional evidence finds considerable time variation in the degree of wage
indexation to past inflation, a finding that is at odds with the assumption of constant …

This paper evaluates empirically the (in) consistency of disagreement in survey forecasts
with the prediction of sticky information models à la Mankiw-Reis, in which only a fraction of …

This paper addresses an important question of what the main driving forces of inflation
expectations by households and professionals are to better understand how the …

We address the stability properties of a benchmark general equilibrium model involving
pervasive stickiness on information updating. Dynamic behavior is determined essentially by …

This paper studies the effects of monetary policy shocks on macroeconomic variables across
different economic conditions and suggests the changes in information stickiness as a …

In order to model the inflation dynamics, we investigated various combinations of nominal
rigidities. For this purpose, we analyze two adjustment-of-prices hypotheses as in the new …