Miles kimball

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Mankiw and Reis interpret their model as a model of sticky information: firms periodically wake up and get all the new macroeconomic information, then set a new price path accordingly. Macroeconomic information is actually very easy and cheap to get ahold of. Just google "FRED" and you have a cornucopia of macroeconomics information. Getting macro information is not hard. When information processing is very costly, it makes sense to economize on it. Hence, most firms only process macroeconomic information into their prices at long intervals. This gives rise to sticky inflation.

Miles kimball

Eaton Jr. Professor of Economics at the University of Colorado Boulder. From to , he was professor of economics and research professor of survey research at the University of Michigan. He is also a research associate of the National Bureau of Economics Research. He is a columnist for the online international business magazine Quartz , where his column coauthored with Noah Smith, "There is one key difference between kids who excel at math and those who don't" was the second most popular article in Many of his blog posts have been translated into Japanese and some into Thai. He has a special interest outside his professional field of economics in the fields of nutrition and fasting. He is the grandson of Spencer W. Kimball graduated with a bachelor's degree in economics from Harvard University in He then received a master's degree in linguistics from Brigham Young University in

The system can't perform the operation now. Just google "FRED" and you have a cornucopia of macroeconomics information.

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Miles kimball

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It is a quirk of traditional loan contracts that the repayment rates expected by lenders are sometimes slower when nominal interest rates are low. When information processing is very costly, it makes sense to economize on it. Here, he says. He is especially known for his important work in the areas of precautionary saving and survey measurement of preference parameters. Article Talk. Eaton Jr. Econometrica: Journal of the Econometric Society, , He is a columnist for the online international business magazine Quartz , where his column coauthored with Noah Smith, "There is one key difference between kids who excel at math and those who don't" was the second most popular article in Exercise Makes You Smarter. This "Cited by" count includes citations to the following articles in Scholar.

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When information processing is very costly, it makes sense to economize on it. Christopher House University of Michigan Verified email at umich. Wells prize for the best Harvard dissertation in economics. What is a Supply-Side Liberal? Global Population Density—Visual Capitalist. In Space! Eaton Jr. Shapiro Lawrence R. From to , he was professor of economics and research professor of survey research at the University of Michigan. This gives rise to sticky inflation.