Rational Inattention in DSGE Model
| Thesis title in Czech: | Racionální nepozornost v DSGE modelu |
|---|---|
| Thesis title in English: | Rational Inattention in DSGE Model |
| Key words: | racionální nepozornost, DSGE, nová keynesiánská makroekonomie, šoky |
| English key words: | rational inattention, DSGE, New Keynesian, shocks |
| Academic year of topic announcement: | 2016/2017 |
| Thesis type: | diploma thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | PhDr. Simona Malovaná, Ph.D. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 09.11.2016 |
| Date of assignment: | 09.11.2016 |
| Date and time of defence: | 18.09.2018 08:30 |
| Venue of defence: | Opletalova - Opletalova 26, O105, Opletalova - místn. č. 105 |
| Date of electronic submission: | 10.05.2018 |
| Date of proceeded defence: | 18.09.2018 |
| Opponents: | Mgr. Vědunka Kopečná, Ph.D. |
| URKUND check: | |
| References |
| Sims, C. A., 1998. “Stickiness”. Carnegie-rochester Conference Series On Public Policy, vol. 49(1), pages 317–356.
Sims, C. A., 2003. “Implications of Rational Inattention”. Journal of Monetary Economics, vol. 50(3), pages 665–690. Maćkowiak, B., Matějka, F., Wiederholt, M., 2017. “The Rational Inattention Filter“. Working Paper Series No.2007, January 2017, European Central Bank. Maćkowiak, B., Wiederholt, M., 2015. “ Business cycle dynamics under rational inattention“. The Review of Economic Studies, vol. 82(4), pages 1502-1532. Moscarini, G., 2004. “Limited Information Capacity as a Source of Inertia”. Journal of Economic Dynamics and Control, vol.28, pages 2003-2035. Shannon, C., 1948. “A Mathematical Theory of Communication”. The Bell System Technical Journal, vol. 27, pages 623-656. |
| Preliminary scope of work |
| V dnešní době lze spoustu informací nalézt zadarmo na internetu, a přesto většina lidí na ně reaguje pouze sporadicky. Modely racionální nepozornosti mají za cíl vysvětlit tuto skutečnost jako důsledek omezené pozornosti, jíž jsou lidé ochotni nebo schopni věnovat ekonomickým proměnným. V této práci se podívám na autoregresivní procesy z cílem zjistit, jak se liší signály, které agent obrží, pro odlišné úrovně informační kapacity. Toto je posléze aplikováno na modelu nové keynesiánské makroekonomie, abychom viděli rozdíl v odezvách exogeních proměnných. |
| Preliminary scope of work in English |
| In today´s world, a lot of information can be freely accessed over the internet and still, everyone reacts to them rather sporadically. Rational inattention models try to explain this observation as a consequence of limited attention people are willing or capable to devote to the economic variables.In the thesis, I look at the autoregressive processes to find out how they differ from the signals an agent receives for the various levels of information capacity. This is then applied to the New Keynesian DSGE model to see how would impulse responses of exogenous variables change from the case of unlimited attention. |