George-Marios Angeletos

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New Papers & Updates

Confidence and the Propagation of Demand Shocks. The Keynesian narrative without sticky prices. [slides]

Inattentive Economies. Efficiency (or not) in the presence of rational inattention. [slides]

Imperfect Macroeconomic Expectations: Evidence and Theory. A new fact, delayed overshooting in expectations, and a synthesis of theory and evidence. Forthcoming in NBER Macro Annual. [slides]

Managing Expectations: Instruments vs Targets. Optimal way to communicate policy plans when expectations are not fully rational. Forthcoming in QJE. [slides]

Myopia and Anchoring. A toolbox for understanding and quantifying the effects of incomplete information, with applications to inflation and HANK. Forthcoming in AER [slides] [online appendix]

Business Cycle Anatomy. A new characterization of the data aimed at guiding theory. Published in AER. [slides] [online appendices] [replication material] [shocks ]