Sticky Information in General Equilibrium

N. Gregory Mankiw, Ricardo Reis

NBER Working Paper No. 12605
Issued in October 2006

---- Acknowledgements -----

This is an extended version of our paper with the same title published in the Journal of the European Economic Association, April-May 2007. It includes a lengthy appendix laying out the model, solving it, proving the propositions, and explaining the algorithms. All of the programs used are available at our websites. We are grateful to Tiago Berriel for excellent research assistance, and to Ruchir Agarwal and Mark Watson for useful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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