Schlagwort: Sticky prices
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Does Money Illusion Matter?
Money illusion means that people behave differently when the same objective situation is represented in nominal or in real terms. To examine the behavioral impact of money illusion we studied the (...)
Limited Rationality and Strategic Interaction, The Impact of the Strategic Environment on Nominal Inertia
The evidence from many experiments suggests that people are heterogeneous with regard to their abilities to make rational, forward looking, decisions. This raises the question when the rational types (...)