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We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …
Persistent link: https://www.econbiz.de/10008596587
losses are outweighed by short term gains from the learning phase. …
Persistent link: https://www.econbiz.de/10011155373
on data on innovation networks and activities in the life science, media, and food industries. The theoretical framework …This paper deals with institutional conditions in regional innovation systems; how institutions affect the organization … of innovation activities among firms, and in what ways regional policy initiatives can be supportive. The analysis draws …
Persistent link: https://www.econbiz.de/10009651240
, focusing on the relation between institutions and innovation practices and taking into account the diversity of actors …
Persistent link: https://www.econbiz.de/10010818687
This paper analyses the role of university knowledge in innovation processes of cultural industries. Most of the … previous studies on cultural industries highlighted the importance of locally clustered firms in innovation processes. Studies … patterns and innovation processes of new media firms in Scania, Southern Sweden. The findings reveal that innovation …
Persistent link: https://www.econbiz.de/10008764042