Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/333287 
Year of Publication: 
2024
Citation: 
[Journal:] Journal of Economics and Statistics [ISSN:] 2366-049X [Volume:] 244 [Issue:] 4 [Year:] 2024 [Pages:] 331-350
Publisher: 
De Gruyter Oldenbourg, Berlin
Abstract: 
This paper illustrates a behavioral mixed frequency macro-finance model where both real and financial variables are generated on a daily basis. Further, while financial sector data is collected at the same frequency as it is generated (i.e. daily), real data can only be collected on a quarterly basis. Under these circumstances, output and inflation, upon which data is available with a significant delay, become unsuitable as the sole information guide for monetary policy. We suggest that policy makers can deal with this information problem by reacting to the variable on which data is collected on high frequency basis: the stock price.
Subjects: 
behavioral macroeconomics
heuristic switching
macro-finance interaction
mixed-frequency macroeconomics
new Keynesian model
optimal monetary policy
JEL: 
E44
E52
G01
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.