Optimal Inattentive Length in Macroeconomic Models

7 Pages Posted: 17 Apr 2014

Date Written: March 1, 2006

Abstract

This paper proposes an approximate solution of …firm's optimal inattentive length in a standard macroeconomic model. The approximate solution conceptually fits a sticky-information model better, and predicts empirically more plausible inattentive length than the one proposed by Reis (2006).

Keywords: inattentiveness; sticky information; asymmetric information; approximate solution

JEL Classification: E31; E39

Suggested Citation

Jinnai, Ryo, Optimal Inattentive Length in Macroeconomic Models (March 1, 2006). Economics Letters, Vol. 95, No. 2, 2007, Available at SSRN: https://ssrn.com/abstract=2425655

Ryo Jinnai (Contact Author)

Hitotsubashi University ( email )

2-1 Naka Kunitachi-shi
Tokyo 186-8306
Japan

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