Sticky prices

Volkswirtschaftslehre

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,...

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Volkswirtschaftslehre

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...

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