Information Rigidity and the Expectations Formation Process : A Simple Framework and New Facts /
We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the arise from information rigidities. This approach quantifies the economic significance of departures from the and the underlying degree of information rigidity. Applyin...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2012.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2012/296 |
| Acesso em linha: | Full text available on IMF |