منابع مشابه
Sticky Prices vs . Sticky Information
The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily refl ect those of the editors. Die Deutsche Bibliothek verzeichnet diese Publikation in der deutschen National-bibliografi e; detaillierte bibliografi sche Daten sind im Internet üb...
متن کاملSticky Demand vs. Sticky Prices
Sticky demand – sticky nominal spending – acts as a substitute for sticky prices. In an inventorytheoretic model of the demand for money, monetary injections are offset by endogenous movements in velocity that keep nominal spending flat. When embedded in a sticky price model, this reduces the model’s reliance on implausibly large amounts of exogenous stickiness. For example: 6 months asset mark...
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There are different concepts of rationality: specific rationality, normative rationality and instrumental rationality whose limitation covers the holistic rationality and represents the fate of rationality in the West. Thus following Hume reason became the slave of feelings and lost its authority for choosing the goal. In Islamic culture reason with its undeniable background in Shariah enjoy...
متن کاملSticky Leverage
This paper considers the macroeconomic effects of allowing for nominal debt contracts in the context of a quantitative business cycle model with financial market frictions. In our setting, as in reality, corporations fund themselves by choosing the appropriate mix of nominal defaultable debt and equity securities to issue in every period. Corporate debt is priced fairly taking into account defa...
متن کاملSticky polarity
Research Roundup Research Roundup for example, two nearby cells can somehow tell which one is closer to the equator (middle) of the eye, and specify the R3 (equatorial) and R4 (polar) fates, accordingly. " This is one of the great puzzles of PCP, " says Simon. " The cells are reading the gradient rather than the absolute values, and sensing the smallest differences. " For that process to have a...
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ژورنال
عنوان ژورنال: Politikon: The IAPSS Journal of Political Science
سال: 1969
ISSN: 2414-6633
DOI: 10.22151/politikon.27.3