What’s new?!
- July 1, 2020: Updated draft for “Dynamic Rational Inattention and the Phillips Curve” with a quantitative rational inattention model for assessing the change in the slope of the Phillips curve.
- Replication material: Jupyter notebook, Julia source file, HTML
- May 4, 2020: Solve Dynamic Rational Inattention Problems in milliseconds using the new DRIPs package.
- April 10, 2020: New working paper on “A Model of Costly Recall”.
- April 8, 2020: An interactive set of Jupyter notebooks for solving LQG Dynamic Rational Inattention Problems in Julia.
Publications
- “Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand”
(with Saten Kumar, Olivier Coibion, and Yuriy Gorodnichenko). Brookings Papers on Economic Activity 2015(Fall), 151-225.
- PDF, NBER, Data and Replication Files
- in media: VoxEU, Financial Times, Washington Post, Bloomberg, New Zealand Herald, CFO, Week
Working Papers
- “Dynamic Rational Inattention and the Phillips Curve” (with Choongryul Yang). This version: July 2020.
- “A Model of Costly Recall” (with Spencer Kwon and Yueran Ma). This version: April 2020.
- “Strategic Inattention, Inflation Dynamics and the Non-Neutrality of Money” This version: March 2020.
- in media: Bloomberg
- in media: Bloomberg
- “Endogenous Firm Competition and Cyclicality of Markups” This version: December 2019. Other versions: Dallas Fed. Revise and Resubmit at Review of Economics and Statistics.
Works in Progress
- “Sticky Prices, Rational Inattention, and Monetary Non-Neutrality”
- “Rationally Confused: On the Aggregate Implications of Information Provision Policies” (with Miguel Acosta)
- “Inflation Expectations under High Inflation: Evidence from Iran” (with Saeed Bayat, Omid Ghaderi and Ali Madanizadeh)