Showing 1 - 10 of 612,982
, prompting them to raise markups and prices in anticipation of potentially higher future inflation. These findings establish a … connection between heightened uncertainty, higher core inflation, and increased profits. …
Persistent link: https://www.econbiz.de/10014320533
Persistent link: https://www.econbiz.de/10009530449
Persistent link: https://www.econbiz.de/10009689463
Persistent link: https://www.econbiz.de/10010429910
Persistent link: https://www.econbiz.de/10001224493
Persistent link: https://www.econbiz.de/10014457700
Persistent link: https://www.econbiz.de/10009152716
Persistent link: https://www.econbiz.de/10003845807
At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...
Persistent link: https://www.econbiz.de/10012101259
Persistent link: https://www.econbiz.de/10014544025