Bounded rationality in rules of price adjustment and the Phillips Curve

Ding, Sitong (2018) Bounded rationality in rules of price adjustment and the Phillips Curve In: LSE Research Festival 2018, 2018-02-19 - 2018-02-24, London School of Economics,London,United Kingdom,GBR.

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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.

Item Type	Conference or Workshop Item (Poster)
Copyright holders	© 2018 The Author
Departments	LSE
Date Deposited	03 May 2019 13:54
URI	https://researchonline.lse.ac.uk/id/eprint/100699