NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts

Olivier Coibion, Yuriy Gorodnichenko

NBER Working Paper No. 16537
Issued in November 2010

---- Acknowledgements -----

We are grateful to Bob Archibald, Christopher Crowe, Zeno Enders, Ulrich Fritsche, Pierre-Olivier Gourinchas, Ed Knotek, Javier Reyes, David Romer and Chris Sims for helpful comments as well as seminar participants at the Bank of France, CESifo/LMU Conference on Macroeconomics and Survey Data, College of William and Mary, Duke, George Washington University, IMF, Minnesota Fed, Richmond Fed and University of Arkansas. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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