A Sticky-Information General-Equilibrium Model for Policy Analysis
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This paper presents a dynamic stochastic general-equilibrium model with a single friction in all markets: sticky information. In this economy, agents are inattentive because of costs of acquiring, absorbing and processing information, so that the actions of consumers, workers and firms are slow to
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美国国家经济研究局创建时间：
2009-02-01
