Arbeitspapier
Money and prices in models of bounded rationality
In this paper the authors explore the ability of simple monetary models with bounded rationality to account for the joint distribution of money and prices. They impose restrictions on the size of the mistakes agents can make in equilibrium and argue that countries with high inflation are likely to satisfy these restrictions. Their computations show that the model with bounded rationality does neither improve nor deteriorate the ability of the model to match the data.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2003-15
- Klassifikation
-
Wirtschaft
- Thema
-
Monetary policy
Equilibrium (Economics)
Macroeconomics
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Marcet, Albert
Nicolini, Juan Pablo
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Atlanta
- (wo)
-
Atlanta, GA
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Marcet, Albert
- Nicolini, Juan Pablo
- Federal Reserve Bank of Atlanta
Entstanden
- 2003
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