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Journal of Political Economy· 2012Q1

What Can Survey Forecasts Tell Us about Information Rigidities?

Olivier Coibion, Yuriy Gorodnichenko

Short summary

Survey forecasts show that agents fail to fully adjust to shocks on impact, consistent with models of information rigidities.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance