Information rigidity and the expectations formation process : a simple framework and new facts /

We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information rigidit...

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Bibliographic Details
Main Author: Coibion, Olivier
Corporate Author: International Monetary Fund Research Department
Other Authors: Gorodnichenko, Yuriy
Format: Book
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2012
Washington, D.C. : 2012
Series:IMF Working Papers ; Working Paper No. 12/296
IMF Working Papers; Working Paper ; No. 2012/296
IMF eLibrary
IMF working paper ; WP/12/296
IMF working paper WP/12/296
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Stanford University

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Call Number: ISIL:US-CST