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

Now showing items 1-2 of 2

    • 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, 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 ...