Showing 1 - 10 of 5,181
Persistent link: https://www.econbiz.de/10003630493
the reluctant establishment of paper money to the rise of the modern Federal Reserve as an omniscient actor in public …
Persistent link: https://www.econbiz.de/10014432540
Persistent link: https://www.econbiz.de/10011761746
Persistent link: https://www.econbiz.de/10013352768
Persistent link: https://www.econbiz.de/10001431872
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
Persistent link: https://www.econbiz.de/10014445289
Persistent link: https://www.econbiz.de/10014445840
Persistent link: https://www.econbiz.de/10012618224
Persistent link: https://www.econbiz.de/10012666954