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Bank of Canada RSS Feedsen2024-03-29T08:59:46+00:00Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach
https://www.bankofcanada.ca/2022/01/staff-working-paper-2022-3/
How much attention do firms pay to macroeconomic news? Through a novel text-based measure, two facts emerge. First, attention is polarized. Most firms either never or always pay attention to economic conditions. Second, it is countercyclical. During recessions, more firms pay attention, and firms pay greater attention to macroeconomic news.2022-01-11T10:36:34+00:00enFirm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach2022-01-11Business fluctuations and cyclesInflation and pricesMonetary policyStaff Working Paper 2022-3https://www.bankofcanada.ca/wp-content/uploads/2022/01/swp2022-3.pdfStaff Working Paper 2022-3Wenting SongSamuel SternJanuary 2022DD8D83EE4E44E5E52