What’s new?!
- Oct. 9, 2020: New working paper on “Overreaction and Working Memory.”
- Sept. 30, 2020: New working paper on “Revisiting the Link between Firm Size and Market Power.”
- Jul. 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.
- Documentation,
GitHub
- Replications:
Mackowiak and Wiederholt (2009),
Sims (2010),
Mackowiak, Matejka and Wiederholt (2018)
- Launch Binder for live Jupyter notebooks of examples and all replications.
- Documentation,
GitHub
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.
Working Papers
- “Overreaction and Working Memory,” This version: October 2020.
(with Spencer Kwon, Augustin Landier, Yueran Ma and David Thesmar)- Also available as NBER Working Paper #27947.
- This paper subsumes “A Model of Costly Recall.”
- “Growing by the Masses: Revisiting the Link between Firm Size and Market Power,” This version: October 2020.
(with Andres Drenik and Ryan Kim)- Slides
- Also available as CESifo Working Paper #8633
- “Dynamic Rational Inattention and the Phillips Curve,” This version: July 2020.
(with Choongryul Yang) - “Strategic Inattention, Inflation Dynamics and the Non-Neutrality of Money,” This version: March 2020.
- Also available as CESifo Working Paper #8218.
- in media: Bloomberg
- “Endogenous Firm Competition and Cyclicality of Markups,” This version: December 2019.
Revise and Resubmit at Review of Economics and Statistics.- An earlier version is also available as Dallas Fed Working Paper #265.
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)