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"The dominance of economic repertories of value is a relatively new phenomenon, and one which directly correlates to the steady advent of capitalism in early modern Europe. This volume brings together scholars with expertise in a variety of related fields, including economic history, the history...
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We implement a tractable state-dependent Calvo price-setting signal dependent on inflation and aggregate … persistence and variability of inflation shocks under different inflation regimes and then comparing our state-dependent and …
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In many forward-looking macroeconomic models, such as the New Keynesian model, firms' expectations about the future play a key role in determining outcomes today. We examine this hypothesis using a novel panel dataset on firms actual and expected price changes collected by the Confederation of...
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