Now showing items 1-5 of 5

    • Essays on informational frictions in macroeconomics and finance 

      La'O, Jennifer (Massachusetts Institute of Technology, 2010)
      This dissertation consists of four chapters analyzing the effects of heterogeneous and asymmetric information in macroeconomic and financial settings, with an emphasis on short-run fluctuations. Within these chapters, I ...
    • Incomplete information, higher order beliefs, and price inertia 

      Angeletos, Marios; La'O, Jennifer (Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, 2009)
    • Incomplete information, higher-order beliefs and price inertia 

      Angeletos, George-Marios; La'O, Jennifer (Elsevier, 2009-07)
      This paper investigates how incomplete information impacts the response of prices to nominal shocks. Our baseline model is a variant of the Calvo model in which firms observe the underlying nominal shocks with noise. In ...
    • Noisy business cycles 

      Angeletos, Marios; La'O, Jennifer (Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, 2009)
    • Noisy Business Cycles 

      Angeletos, George-Marios; La'O, Jennifer (University of Chicago Press, 2010)
      This paper investigates a real-business-cycle economy that features dispersed information about the underlying aggregate productivity shocks, taste shocks, and—potentially—shocks to monopoly power. We show how the ...