| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15773 |
| 来源ID | Working Paper 15773 |
| Imperfect Information and Aggregate Supply | |
| N. Gregory Mankiw; Ricardo Reis | |
| 发表日期 | 2010-02-25 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper surveys the research in the past decade on imperfect information models of aggregate supply and the Phillips curve. This new work has emphasized that information is dispersed and disseminates slowly across a population of agents who strategically interact in their use of information. We discuss the foundations on which models of aggregate supply rest, as well as the micro-foundations for two classes of imperfect information models: models with partial information, where agents observe economic conditions with noise, and models with delayed information, where they observe economic conditions with a lag. We derive the implications of these two classes of models for: the existence of a non-vertical aggregate supply, the persistence of the real effects of monetary policy, the difference between idiosyncratic and aggregate shocks, the dynamics of disagreement, and the role of transparency in policy. Finally, we present some of the topics on the research frontier in this area. |
| 主题 | Microeconomics ; Economics of Information ; Macroeconomics ; Macroeconomic Models ; Business Cycles |
| URL | https://www.nber.org/papers/w15773 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573447 |
| 推荐引用方式 GB/T 7714 | N. Gregory Mankiw,Ricardo Reis. Imperfect Information and Aggregate Supply. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15773.pdf（585KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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