M
Mirko Wiederholt
Researcher at Sciences Po
Publications - 37
Citations - 1925
Mirko Wiederholt is an academic researcher from Sciences Po. The author has contributed to research in topics: Monetary policy & Inflation. The author has an hindex of 17, co-authored 35 publications receiving 1647 citations. Previous affiliations of Mirko Wiederholt include Goethe University Frankfurt & Northwestern University.
Papers
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Optimal Sticky Prices under Rational Inattention
TL;DR: In this article, the authors present a model in which price setting firms decide what to pay attention to, subject to a constraint on information flow, and investigate how the optimal allocation of attention and the dynamics of prices depend on the firms' environment.
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Optimal Sticky Prices under Rational Inattention
TL;DR: In this article, the authors present a model in which price setting firms optimally decide what to pay attention to, subject to a constraint on information flow, and investigate how the optimal allocation of attention and the dynamics of prices depend on the firms' environment.
Journal ArticleDOI
Business Cycle Dynamics under Rational Inattention
TL;DR: This paper developed a dynamic stochastic general equilibrium (DSGE) model with rational inattention and compared its predictions to data, and showed that rational-inattention is the only source of slow adjustment.
Journal ArticleDOI
Exogenous Information, Endogenous Information and Optimal Monetary Policy ∗
Luigi Paciello,Mirko Wiederholt +1 more
TL;DR: In this article, the authors consider two models: a model with exogenous dispersed information and a rational inattention model, and they show that in both models, there is no value from commitment to a future monetary policy.
Journal ArticleDOI
Sectoral price data and models of price setting
TL;DR: In the median sector, 100 percent of the long-run response of the sectoral price index to a sector-specific shock occurs in the month of the shock as mentioned in this paper, while the standard Calvo model and the standard sticky-information model can match this finding only under extreme assumptions concerning the profit-maximizing price.