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BEGIN:VEVENT
UID:1afd16fedb004bf2287f4c507dfeade8
CATEGORIES:Seminars
CREATED:20150105T164946
SUMMARY:Lunch Seminar: Donghoon Yoo - University of Rome “Tor Vergata”
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Ambiguity, News, Noise, and Fluctuations\nAbstract:\nThis paper links the n
 ews and noise information structure of Blanchard, L’Huillier, and Lorenzoni
  (2013) to second moment effects by means of ambiguity aversion to the prec
 ision of information. Specifically, when agents receive ambiguous signals a
 bout permanent productivity, consumption features asymmetric responses: the
  size of the response depends on whether the signal delivers good or bad ne
 ws. Agents’ beliefs updating and consumption under ambiguous signals, as we
 ll as econometrician’s filtering problem are discussed. The model is estima
 ted through maximum likelihood.\n
DTSTAMP:20260406T121006Z
DTSTART:20140430T130000Z
DTEND:20140430T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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