policy widens credit market discrimination, i.e., female-owned and -managed firms receive less funds during a tight monetary … market discrimination. We find that credit market discrimination during the contractionary period is relatively lower (higher …

bias for money. In this paper, we compare estimates of present bias for money with estimates for healthy and unhealthy … foods. In a within-subjects longitudinal experiment with 697 low-income Chinese high school students we find strong present … bias for both money and food, and that individual measures of present bias are moderately correlated across reward types …

inflation bias as monetary policy tries to exploit nominal wage contracts to address labor-market distortions. Although an … inflation target eliminates this inflation bias, it creates a conflict between monetary policy and discretionary fiscal policy …

Since Kydland and Prescott (1977) and Barro and Gordon (1983), most studies of the problem of the inflation bias …-quadratic approach to the problem in favor of a projection method approach. We investigate the size of the inflation bias that arises in … a microfounded nonlinear environment with Calvo price setting. The inflation bias is found to lie between 1% and 6% for …