Very excited to see our paper "Effects of monetary policy on household expectations: The role of homeownership" (with Hie Joo Ahn and.@ShihanXie ) is now available online in the Journal of Monetary Economics! 👇1/4

RT @J_Meanwell: Looking forward to @SEDmeeting in Copenhagen from tomorrow! . Come and check out our session on Housing and Rental Markets….

I’m excited to present our paper “What can measured beliefs tell us monetary non-neutrality?” with @hafrouzi and @joel_flynn at this great conference at the ECB on Tuesday morning! Looking forward to interacting with many leading scholars in this field!.

RT @ecb: Our joint conference with the Bank of Canada and the Federal Reserve Bank of New York on Expectations Surveys, Central Banks and t….

RT @FedResearch: How can measured beliefs elucidate the real effects of monetary shocks? The authors highlight the interaction between firm….

I'm excited that our new paper will be presented today in the Impulse and Propagation Mechanism session of the NBER SI, which will be live-streamed at 11:15 ET via YouTube. Watch it here 😀:

RT @nberpubs: Studying how measured beliefs can be used to identify monetary non-neutrality, from @hafrouzi, @joel_flynn, and @ChoongYang h….

Our model predicts limited pass-through of forward guidance shocks into perceived real rates and muted effects on the economy due to rational inattention motives, resulting in a slower understanding and response to the announced monetary policy shocks. 4/4 #econtwitter.

We build a rational inattention model to characterize this empirical finding, highlighting how mortgage payments create an incentive for homeowners to acquire information on monetary policy. 3/4.

Using the US individual-level microdata, we analyze the role of homeownership on the effects of forward guidance, and show that homeowners' expectations show higher sensitivity to mortgage rate changes induced by forward guidance shocks compared to renters. 2/4.

RT @hyunseungoh: I actually learned a lot about the real world relevance of our work by reading through this. Thanks for featuring our pape….

RT @business: Odd Lots Newsletter: Who cares when the rate cuts start?

RT @FedResearch: New #FEDSPaper: The time it takes to develop residential properties in the U.S. is about three years, on average, & is hig….

RT @qe_editors: Quantitative Economics Volume 14, Issue 3 (July 2023) is now online.

RT @UTAustinEcon: New published study in the July issue of Quantitative Economics by Professor Saroj Bhattarai and PhD alum Choongryul Yang….

RT @QJEHarvard: Recently accepted by #QJE, “Overreaction in Expectations: Evidence and Theory,” by Afrouzi (@hafrouzi), Kwon, Landier (@aug….

RT @federalreserve: Speech by Governor Waller on the unstable Phillips Curve: Watch live:

RT @qe_editors: Redistribution policies can boost the US economy and improve welfare for everyone. Inflation-financed transfers are more ef….

RT @isaacbaley: The new 𝙃𝙖𝙣𝙙𝙗𝙤𝙤𝙠 𝙤𝙛 𝙀𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙀𝙭𝙥𝙚𝙘𝙩𝙖𝙩𝙞𝙤𝙣𝙨 is out! . In Chapter 23, @laura_veldkamp and I survey work that uses Bayesian le….

RT @Bellmanequation: Rational inattention hits the mainstream with @federalreserve Chair Powell at Jackson Hole. We're about to test the Sh….