minimal estimated degrees of myopia. The results indicate that the empirical evidence for cognitive discounting may be …This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive … discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model …

minimal estimated degrees of myopia. The results indicate that the empirical evidence for cognitive discounting may be …This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive … discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model …

satisfying the Taylor principle, was instrumental in restoring macroeconomic stability. The model assumes “cognitive discounting …

satisfying the Taylor principle, was instrumental in restoring macroeconomic stability. The model assumes "cognitive discounting …