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.
![[img]](http://eprints.lse.ac.uk/style/images/fileicons/text.png) |
Text (Bounded rationality RA028-Sitong-Ding)
- Published Version
Download (57kB) |
Abstract
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) |
|---|---|
| Additional Information: | © 2018 The Author |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 03 May 2019 13:54 |
| Last Modified: | 14 Sep 2024 04:01 |
| URI: | http://eprints.lse.ac.uk/id/eprint/100699 |
Actions (login required)
 |
View Item |
Download Statistics
Download Statistics