Brasil | info:eu-repo/semantics/article

Heterogeneous Sticky-Information Economies

dc.creatorCarvalho, Carlos Viana de
dc.date2017-11-28
dc.date.accessioned2022-11-03T21:19:35Z
dc.date.available2022-11-03T21:19:35Z
dc.identifierhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/57627
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5048072
dc.descriptionThe literature that emerged from Mankiw and Reis' (2002) proposal of sticky information as an alternative to sticky-price models has focused on economies populated with (ex-ante) identical firms. This paper analyzes the implications of heterogeneity in the degree of information stickiness among price-setting firms in different sectors for the dynamic response of the economy to various shocks. I compare multisector sticky-information models with otherwise identical one-sector economies that feature the same frequency of information updating. I find that the effects of such shocks on the output gap -- the difference between actual output and the output level that would prevail in the absence of information frictions -- are larger in heterogeneous economies.en-US
dc.formatapplication/pdf
dc.languageeng
dc.publisherSociedade Brasileira de Econometriaen-US
dc.relationhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/57627/70155
dc.rightsCopyright (c) 2017 Brazilian Review of Econometricspt-BR
dc.sourceBrazilian Review of Econometrics; Vol. 37 No. 2 (2017); 123-152en-US
dc.sourceBrazilian Review of Econometrics; v. 37 n. 2 (2017); 123-152pt-BR
dc.source1980-2447
dc.subjectsticky-informationen-US
dc.subjectheterogeneityen-US
dc.subjectE3en-US
dc.titleHeterogeneous Sticky-Information Economiesen-US
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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