New Papers & Updates
Inattentive Economies. Efficiency (or not) in the presence of rational inattention. [slides]
Managing Expectations without Rational Expectations. Optimal way to communicate policy plans. [slides]
Myopia and Anchoring. A toolbox for understanding and quantifying the effects of incomplete information, a bridge to evidence on expectations. [slides]
Business Cycle Anatomy. A new characterization of the data aimed at guiding theory [slides]
Confidence and the Propagation of Demand Shocks. A Keynesian narrative without sticky prices.
Public Debt as Private Liquidity: Optimal Policy [slides]