Liu, Zheng (contributor); Phaneuf, Louis (contributor) - 2008
accommodation. However,
neither seems empirically plausible. Microeconomic studies on labor supply suggest that the Frisch … some nominal price rigidity. Even with relatively frequent price re-
optimizations suggested by microeconomic studies (e …
that pays one unit of currency in period t+1 if a particular event is realized, Dt,t+1 is the period-t
price of such a bond …