Information and Propagation

Indiana University and Eric Leeper
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Indiana University: NBER

No 845, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: in both a simple analytic model, where news shocks overcome the ``dynamic inconsistencies" documented in Estrella and Fuhrer (2002), and in a model that incorporates many of the real rigidities common to DSGE models. The paper calls for more thoughtful modeling of how information about technology flows into the economy.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed009:845

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