Construct · 1 fields · 1 citations

information rigidity: a standalone construct

One name. One construct. A landmark on the map.

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Macroeconomics

the slow incorporation of new information into forecasts, measured by how forecast errors respond to forecast revisions.

In macroeconomics, information rigidity refers to the slow incorporation of new information into forecasts, measured by how forecast errors respond to forecast revisions. This meaning comes from Coibion (2015) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

incorporation3 fields · 3 citationsjingle · one word, three constructs information4 fields · 5 citationsjingle · one word, four constructs rigidity3 fields · 6 citationsjingle · one word, three constructs

References

Coibion, O., & Gorodnichenko, Y. (2015). Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts. American Economic Review, 105(8), 2644-2678. https://doi.org/10.1257/aer.20110306

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