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Part 1: Document Description
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Citation |
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Title: |
Replication data for: A Sticky-Information General-Equilibrium Model for Policy Analysis |
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Identification Number: |
doi:10.7910/DVN/MUOQLO |
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Distributor: |
Harvard Dataverse |
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Date of Distribution: |
2009-06-04 |
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Version: |
1 |
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Bibliographic Citation: |
Ricardo Reis, 2009, "Replication data for: A Sticky-Information General-Equilibrium Model for Policy Analysis", https://doi.org/10.7910/DVN/MUOQLO, Harvard Dataverse, V1 |
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Citation |
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Title: |
Replication data for: A Sticky-Information General-Equilibrium Model for Policy Analysis |
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Identification Number: |
doi:10.7910/DVN/MUOQLO |
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Authoring Entity: |
Ricardo Reis (Columbia University) |
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Date of Production: |
2009 |
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Distributor: |
Harvard Dataverse |
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Distributor: |
Ricardo Reis |
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Date of Deposit: |
2009 |
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Date of Distribution: |
2009-01 |
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Holdings Information: |
https://doi.org/10.7910/DVN/MUOQLO |
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Study Scope |
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Abstract: |
This paper presents a dynamic stochastic general-equilibrium model with a single friction in all markets: sticky information. In this economy, agents are inattentive because of costs of acquiring, absorbing and processing information, so that the actions of consumers, workers and firms are slow to incorporate news. This paper presents the details of how an economy with pervasive inattentiveness functions, and develops a set of algorithms that solve the model quickly. It then applies these to estimate the model using data for the United States post-1986 and for the Euro-area post-1993, and to conduct counterfactual policy experiments. The end result is a laboratory that is rich enough to account for the dynamics of at least five macroeconomic series (inflation, output, hours, interest rates, and wages), and which can be used to inform applied monetary policy. |
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Methodology and Processing |
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Sources Statement |
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Data Access |
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Notes: |
<a href="http://creativecommons.org/publicdomain/zero/1.0">CC0 1.0</a> |
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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Reis, Ricardo. 2009. "A Sticky-Information General-Equilibrium Model for Policy Analysis". <a href="http://www.columbia.edu/~rr2572/papers/Chile.pdf" target= "_new">article available here</a> |
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Bibliographic Citation: |
Reis, Ricardo. 2009. "A Sticky-Information General-Equilibrium Model for Policy Analysis". <a href="http://www.columbia.edu/~rr2572/papers/Chile.pdf" target= "_new">article available here</a> |
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Label: |
Chileprograms.zip |
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Text: |
Zip file containing all replication programs used in this study |
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Notes: |
application/zip |
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Label: |
Readme.pdf |
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Text: |
Description of the programs that accompany this study |
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Notes: |
application/pdf |