Results 121 to 130 of about 1,194 (217)

Amorphous silicon carbide probe mechanics for insertion in the cerebral cortex of rats, pigs, and macaques. [PDF]

open access: yesJ Neural Eng
Khajehzadeh M   +12 more
europepmc   +1 more source

Monetary Policy When Preferences Are Quasi‐Hyperbolic

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley   +1 more source

Heterogeneity in Imperfect Inflation Expectations: Theory and Evidence from a Novel Survey

open access: yesJournal of Money, Credit and Banking, EarlyView.
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

CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective

open access: yesJournal of Money, Credit and Banking, EarlyView.
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

The Aggregated Electromagnetic Vortex Wave and Multi-Modal Imaging Experiment. [PDF]

open access: yesSensors (Basel)
Li C   +10 more
europepmc   +1 more source

Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy

open access: yesJournal of Money, Credit and Banking, EarlyView.
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

Ricci Curvature Tensor-Based Volumetric Segmentation. [PDF]

open access: yesInt J Comput Vis
Huang J, Chen K, Alpers A, Lei N.
europepmc   +1 more source

Policy Biases in a Model with Labor‐Market Frictions

open access: yesJournal of Money, Credit and Banking, EarlyView.
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

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