This chapter investigates the implications of adaptive learning in the private sector's formation of inflation … allows us to investigate how and to what extent a change in the assumption of how agents form their inflation expectations … anchoring inflation expectations. We also find that the simple commitment rule under rational expectations is robust when …

This paper studies an (S, s) pricing model from the perspective of inflation and price competition in search markets. I … technologies are more efficient, price inflation is counter-intuitively, more likely to increase monopoly power of firms and to …