Heterogeneity in Imperfect Inflation Expectations: Theory and Evidence from a Novel Survey
Abstract Using survey data from Germany, we study heterogeneity in how households form inflation expectations. We elicit (i) uncertainty in perceptions of current inflation and (ii) how persistent households perceive inflation to be. Combining these with standard survey questions on inflation, we infer laws of motion for expectations at the individual ...
ALISTAIR MACAULAY, JAMES MOBERLY
wiley +1 more source
Prediction of frequency response of sub-frame bushing and study of high-order fractional derivative viscoelastic model. [PDF]
Chen B +4 more
europepmc +1 more source
Time-Series Forecasting of Hemodialysis Population in the State of Qatar by 2030. [PDF]
Hamad A +7 more
europepmc +1 more source
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
Split-Aperture Xolography - Linear Volumetric Photoactivation with Short Axial Dimension and Low out of Focus Excitation. [PDF]
Regehly M, Hecht S.
europepmc +1 more source
Large gap asymptotics for the generating function of the sine point process. [PDF]
Charlier C.
europepmc +1 more source
Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy
Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI +2 more
wiley +1 more source
Development and comparative analysis of machine learning algorithms for predictive atmospheric corrosion modeling. [PDF]
Perales Fernández JM +3 more
europepmc +1 more source
Policy Biases in a Model with Labor‐Market Frictions
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley +1 more source
Multi-domain wavelet boundary element method for calculating two-dimensional stress intensity factors. [PDF]
Chen J, Yuan D, Yang R, Xiang J.
europepmc +1 more source

