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Learning, hedging, and the natural rate hypothesis

Cone, Thomas E.; Shea, Paul - In: Macroeconomic dynamics 23 (2019) 5, pp. 2009-2034

Persistent link: https://www.econbiz.de/10012127260

Forward guidance and the role of Central Bank credibility under heterogeneous beliefs

Goy, Gavin; Hommes, Cars H.; Mavromatis, Kostas - 2018

Persistent link: https://www.econbiz.de/10011943242

Theories of learning and economic policy

Evans, George W. - In: Revue d'économie politique 131 (2021) 3, pp. 583-608

Persistent link: https://www.econbiz.de/10012886341

Forward guidance and the role of central bank credibility under heterogeneous beliefs

Goy, Gavin; Hommes, Cars H.; Mavromatis, Kostas - In: Journal of economic behavior & organization : JEBO 200 (2022), pp. 1240-1274

Persistent link: https://www.econbiz.de/10013389405

Some evolutionary foundations for price level rigidity

Saint-Paul, Gilles - 2002

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...

Persistent link: https://www.econbiz.de/10011409938