Browsing Department of Economics (ECO) by Author "ALVAREZ, Fernando"

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Browsing Department of Economics (ECO) by Author "ALVAREZ, Fernando"

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    Title: Durable Consumption and Asset Management with Transaction and Observation Costs  Author(s): ALVAREZ, Fernando; GUISO, Luigi; LIPPI, Francesco Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The empirical evidence on rational inattention lags far behind the theoretical developments: micro evidence on the most immediate consequence of observation costs - the infrequent observation of state variables - is not ...