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DTSTART:20261025T030000
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UID:calendar.143936.field_date.0@www.tse-fr.eu
DTSTAMP:20260903T045633Z
CREATED:20260831T101001Z
DESCRIPTION:Lena Dräger (Leibniz Universität Hannover)\, “When are househol
 ds rationally attentive to information from the central bank? The role of 
 macroeconomic uncertainty”\, Séminaire Banque de France\, October 6\, 2026
 \, 11:30–12:30\, BDF\, Paris\, room Online and in Room F148.\n\nThis paper
  analyzes consumers' endogenous choice to obtain central bank information 
 and evaluates how this choice interacts with an exogenous macroeconomic un
 certainty shock. The results show that consumers are more attentive to cen
 tral bank communication when their stakes are higher\, for instance becaus
 e they own a mortgage\, or when the cost of attention is lower\, for insta
 nce because they are better educated or more literate. An exogenous uncert
 ainty shock further increases attention\, and this effect is particularly 
 pronounced for those who have lower prior information\, lower costs of att
 ention and higher stakes in the information problem. We rationalize these 
 results in the context of a rational inattention model and show how endoge
 nous information shocks and the exogenous uncertainty shock impact the for
 mation of macroeconomic expectations and consumer spending choices.
DTSTART;TZID=Europe/Paris:20261006T123000
DTEND;TZID=Europe/Paris:20261006T133000
LAST-MODIFIED:20260901T001001Z
LOCATION:October 6\, 2026\, 11:30–12:30\, BDF\, Paris\, room Online and in 
 Room F148
SUMMARY:Séminaire Banque de France
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2026-when-are-households-ration
 ally-attentive-information-central-bank-role-macroeconomic-uncertainty
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