…what impacts the decision; damages can be either significant or trivial; liability can be clear, difficult to prove or even nonexistent; and lawyers decide whether clients are perceived as “likeable”…

…think, very definitely perceived by most academics as a choice to say no to wealth. This obviously selects people who think that money is filthy and that greed is very…

…the social costs of inflation). People were invited to participate in the Livinston survey because they were perceived to be experts, so it is reasonably likely that policy makers made…

…with strong fundamentals. The authors provide an explanation for their results: the robust countries had received larger financial flows previous to the perceived turnaround in Fed policy, and therefore were…

…still have the same net positive $60 billion increase per quarter in overall consumption. The perceived boost for inflation from rising labor income would be offset by the falling capital…

…strong fiscal spending, strong currency, low perceived unemployment, destroyed capital and strong labor bargaining power. However, these factors can go against inflation too, which will lower α, the autoregressive coefficient….

There are what I perceived as problems with the Brookings Study. Just one example: they base much of their analyses upon “lifetime earnings associated with earning a bachelor’s degree”. The…

…that Calvo’s assumption is literally true. Calvo pricing, imperfect competition, and rational expectations imply a nice neat forward looking Phillips curve. For some reason, there is perceived to be some…

…is possible to fit all sorts of time series of inflation ex post by choosing the time series of perceived target inflation. In effect the story of the 70s and…

…higher nominal rate sooner, or better yet, if nominal rates are seen to be breaking above their specific range that they are perceived to be locked into, inflation will tend…