Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money

I thank Olivier Coibion, Saroj Bhattarai, and Yuriy Gorodnichenko for their invaluable and continuous support during the development of this paper. In addition, I also would like to express my appreciation to Mark Dean, Andres Drenik, Chen Lian, Filip Matejka, Ricardo Reis, Raphael Schoenle, Mirko Wiederholt, Michael Woodford, and seminar participants at Columbia University, Cornell University, Duke University, Federal Reserve Bank of Boston, NBER Summer Institute, New York University, Rutgers University, University of California-Berkeley, University of California-Davis, University of Illinois at Urbana-Champaign, University of Maryland, University of Michigan, University of Texas at Austin and Wharton School at the University of Pennsylvania for helpful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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