Bounded rationality in rules of price adjustment and the Phillips Curve
Ding, S.
(2018-02-19 - 2018-02-24)
Bounded rationality in rules of price adjustment and the Phillips Curve
[['eprint_fieldopt_pres_type_poster' not defined]]. LSE Research Festival 2018, London School of Economics, London, United Kingdom, GBR.
This paper examines an alternative microfoundation for the Phillips Curve by considering a possibility where price setters are constrained by the length of the time horizon over which they can form rational expectations, and they use a combination of the central bank's inflation target and past prices as heuristics.
| ['eprint_fieldname_type' not defined] | ['eprint_typename_conference_item' not defined] (['eprint_fieldopt_pres_type_poster' not defined]) |
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| Copyright holders | © 2018 The Author |
| Departments | LSE |
| ['eprint_fieldname_datestamp' not defined] | 03 ['lib/utils:month_short_05' not defined] 2019 |
| URI | https://researchonline.lse.ac.uk/id/eprint/100699 |
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