Information rigidities and the news-adjusted output gap

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Information rigidities and the news-adjusted output gap

A vector-autoregressive model of actual output and expected output obtained from surveys is used to test for information rigidities and to provide a characterisation of output dynamics that accommodates these information structures. News on actual and expected outputs is decomposed to identify innov...

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Bibliographic Details
Main Authors:	Garratt, Anthony, Lee, Kevin, Shields, Kalvinder
Format:	Article
Published:	Elsevier 2016
Subjects:	Information rigidities; Survey-based expectations; Output gap
Online Access:	https://eprints.nottingham.ac.uk/34789/

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