Mirko Wiederholt
Professor of Economics
LMU Munich
I am a Macroeconomist studying business cycles, inflation dynamics, and the effects of monetary & fiscal policy.
I am especially interested in how individuals form beliefs in an information-rich, attention-scarce world, and how those beliefs impact the economy.
Working Papers
Macro Theory with Measured Expectations (New!)
(with R. Luetticke, C. Roth and J. Wohlfart)
pdf [CESifo Working Paper] [CEPR Discussion Paper]
Heterogeneity in Expectations and House Price Dynamics, revision requested, American Economic Review
(with A. Ludwig, J. Mankart and J. Quintana)
Publications
Optimal Sticky Prices under Rational Inattention
(with B. Maćkowiak)
American Economic Review (2009)
Sectoral Price Data and Models of Price Setting
(with B. Maćkowiak and E. Moench)
Journal of Monetary Economics (2009)
Rational Inattention
New Palgrave Dictionary of Economics (2010)
Information Processing and Limited Liability
(with B. Maćkowiak)
American Economic Review P&P (2012)
Exogenous Information, Endogenous Information and Optimal Monetary Policy
(with L. Paciello)
Review of Economic Studies (2014)
Business Cycle Dynamics under Rational Inattention
(with B. Maćkowiak)
Review of Economic Studies (2015)
Lack of Preparation for Rare Events
(with B. Maćkowiak)
Journal of Monetary Economics (2018)
Dynamic Rational Inattention: Analytical Results
(with B. Maćkowiak and F. Matějka)
Journal of Economic Theory (2018)
Expectations with Endogenous Information Acquisition: An Experimental Investigation
(with A. Fuster, R. Perez-Truglia and B. Zafar)
Review of Economics and Statistics (2022)
Rational Inattention: A Review
(with B. Maćkowiak and F. Matějka)
Journal of Economic Literature (2023)
Rational Inattention and the Business Cycle Effects of Productivity and News Shocks
(with B. Maćkowiak)
American Economic Journal: Macroeconomics (2025)
Rational Inattention during an RCT
(with B. Maćkowiak)
American Economic Review: Insights (2025)
Narratives about the Macroeconomy
(with P. Andre, I. Haaland, C. Roth and J. Wohlfart)
Review of Economic Studies (2026)
Older Working Papers
Empirical Properties of Inflation Expectations and the Zero Lower Bound
R&R Journal of Political Economy
Inflation Expectations and Choices of Households
(with N. Vellekoop)
R&R Journal of Monetary Economics