This paper explores a macroeconomic model of the business cycle in which stickiness of information is a pervasive feature of the environment. Prices, wages, and consumption are all assumed to be set, to some degree, based on outdated information sets. We show that a model with such pervasive stickiness is better at matching some key facts that describe economic fluctuations than is either a ben...

Several macroeconomic models of business cycles rely on the assumption that …rms adjust prices infrequently to generate the short-run non-neutrality of money documented by the literature on monetary transmission. These models posit di¤erent mechanisms to generate price stickiness, with correspondingly di¤erent implications for in‡ation dynamics. While empirical implications regarding the respon...

In the presence of capital accumulation the Taylor principle may not be sufficient for determinacy under reasonable parameter values. In this paper I consider a two-sector extension of the models used in the existing literature. I show that what matters for whether the Taylor principle is sufficient is the price stickiness of investment goods. Price stickiness of consumer goods on the other han...

Present investigation reports the mutagenic efficacy of sodium azide with a view to study its effects on meiotic behavior and phenotypic quantitative traits of Brassica campestris L. Seeds were treated with three concentration of sodium azide i.e. 0.3%, 0.5% and 0.7%, along with control. Morphological/phenotypic parameters studied were plant height, number of primary branches, number of seconda...

This paper investigates wage dynamics assuming the potential presence of dual wage stickiness: with respect to both the frequency as well as the size of wage adjustments. In particular, this paper proposes a structural model of wage inflation dynamics assuming that although workers adjust wage contracts at discrete time intervals, they are limited in their abilities to adjust wages as much as t...