Information Aggregation in a DSGE Model
---- Acknowledgments ----
We thank Marios Angeletos, Max Croce, Guido Lorenzoni, Jonathan Parker, and Mike Woodford for helpful comments. We also thank Tony Zhang and Hongcen Wei for excellent research assistance. The authors have not received financial support from an interested party for the completion of this paper. The authors are not officers, directors, or board members of any relevant organization. No other party had the right to review the paper prior to its circulation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.