Noisy business cycles /

This paper investigates a real-business-cycle economy that features dispersed information about the underlying aggregate productivity shocks, taste shocks, and - potentially - shocks to monopoly power. We show how the dispersion of information can (i) contribute to significant inertia in the respons...

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Bibliographic Details
Main Author: Angeletos, Marios
Corporate Author: Massachusetts Institute of Technology Department of Economics
Other Authors: La'O, Jennifer
Format: Book
Language:English
Published: Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, [2009]
Series:Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 09-16
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Massachusetts Institute of Technology

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Call Number: HB31.M415 no.09-16