Nominal rigidities, rational inattention, and the optimal monetary policy 2026-05-12

Optimal monetary policy has traditionally assigned greater importance to stabilizing prices in sectors with stickier prices, based on multi-sector models assuming full information or exogenous information frictions. This paper challenges the prevailing policy prescription by introducing rational inattention with endogenous information acquisition. Interestingly, the optimal policy assigns a smaller weight to sectors with stickier prices when the cost of information acquisition is sufficiently high. This counterintuitive result arises from the endogenous relationship between firms' attention and nominal rigidities: firms in sectors with more flexible prices pay less attention to macroeconomic conditions. We provide empirical evidence supporting this mechanism.

百度 搜狗 360搜索 C罗打进生涯931球 清明念英烈 超限大货车强闯高速卡口,两地警力联合办案截获 有哪些宝藏漫画家还在坚持创作?敢不敢晒出他们的代表作? 鲍威尔警告关税冲击或推高通胀

      <code id='245a8'></code><style id='52115'></style>
    • <acronym id='3b30a'></acronym>
      <center id='07478'><center id='adc0d'><tfoot id='3f483'></tfoot></center><abbr id='6f5f4'><dir id='7b98f'><tfoot id='730c4'></tfoot><noframes id='06841'>

    • <optgroup id='429bb'><strike id='ec542'><sup id='cb538'></sup></strike><code id='43b93'></code></optgroup>
        1. <b id='84077'><label id='b2af8'><select id='30d07'><dt id='3cc6c'><span id='48433'></span></dt></select></label></b><u id='70b72'></u>
          <i id='a7062'><strike id='cb134'><tt id='81e45'><pre id='03a1b'></pre></tt></strike></i>