Browsing MIT Open Access Articles by Author "La'O, Jennifer"

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    • Real Rigidity, Nominal Rigidity, and the Social Value of Information 

      Iovino, Luigi; La'O, Jennifer; Angeletos, George M (American Economic Association, 2016-01)
      Does welfare improve when firms are better informed about the state of the economy and can thus better coordinate their production and pricing decisions? We address this question in an elementary business-cycle model that ...

    • Sentiments 

      Angeletos, George-Marios; La'O, Jennifer (Econometric Society, 2013-03)
      This paper develops a new theory of fluctuations—one that helps accommodate the notions of “animal spirits” and “market sentiment” in unique-equilibrium, rational-expectations, macroeconomic models. To this goal, we limit ...