This paper examines an alternative microfoundation for the Phillips Curve by considering a possibility where price setters are constrained by the length of the time horizon over which they can form ...

Rationality is what keeps us sane in the messiness of life. Being able to stay rational through a difficult time, or just for as long as a simple argument, is a sort of safety vest we can wear to not ...

Emotion, not rationality, rules our world – something policymakers should learn. So says David Brooks, who uses fiction to illustrate cognitive science It came from covering policy failures as a ...

Much has been written about the change of tone at City Hall this year: the marked increase in civility and decrease in drama. Equally welcome has been the distinct gravitation toward rationality and ...

This paper examines an alternative microfoundation for the Phillips Curve by considering a possibility where price setters are constrained by the length of the time horizon over which they can form ...