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  • oil price shocks and u.s. economic activity: an international...

    Oil Price Shocks and U.S. Economic Activity: An International...

    Taken alone, this shock would boost the price of reserves and, hence, ...We take the United States to be one of the manufacturing countries in the...

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  • rational habits and uncertain prices: simulating gasoline ...

    Rational Habits and Uncertain Prices: Simulating Gasoline ...

    5.1 Durability of Price Shocks Given rational habits, consumers are senstitive not just to the current price of gasoline, but to the duration of price...

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  • optimal sticky prices under rational inattention

    Optimal Sticky Prices under Rational Inattention

    of attention and we derive the rational expectations equilibrium of the model...conditions, and therefore the price level responds weakly to nominal shocks...

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