'Time inconsistency' presentation slideshows

Time-Inconsistency and Welfare

Time-Inconsistency and Welfare. Jay Bhattacharya Stanford University. Darius Lakdawalla RAND Corporation. Problems for Welfare Analysis. Behavioral economics has argued that people are time-inconsistent: preference orderings change over time

652 views • 50 slides

MACROECONOMICS AND THE GLOBAL BUSINESS ENVIRONMENT

MACROECONOMICS AND THE GLOBAL BUSINESS ENVIRONMENT. 2 nd edition. Stabilization Policy. Key Concepts. Phillips Curve Credibility Rules versus Discretion Time Consistency. Decrease in Demand Keynesian view. Price Level. LRAS. AD. AS. P 0. P 1. Y 1. Y 0. Real GDP.

380 views • 26 slides

Reverse Preference Reversals for Short Front-End Delays

318 views • 25 slides

LECTURE 6: DYNAMIC INCONSISTENCY OF MONETARY POLICY, AND HOW TO ADDRESS IT

635 views • 23 slides

A Model of the IMF as a Coinsurance Arrangement

277 views • 15 slides

Topics in Neuroeconomics Chen-Ying Huang, Chun-I Yeh Time Economics: Preferences, Discounting

Topics in Neuroeconomics Chen-Ying Huang, Chun-I Yeh Time Economics: Preferences, Discounting Psychology: Perceptions. Cell phones could be useful and productive. B ut is there a time you wish you could be less involved with your smart phones?.

154 views • 15 slides

A Model of the IMF as a Coinsurance Arrangement

158 views • 15 slides

chapter 20

chapter 20. Monetary Policy Strategy: The International Experience. Role of a Nominal Anchor. Ties Down ? Expectations Helps Avoid Time-Inconsistency Problem 1. Arises from pursuit of short-term goals which lead to bad long-term outcomes

243 views • 14 slides

chapter 20

chapter 20. Monetary Policy Strategy: The International Experience. Role of a Nominal Anchor. Ties Down ? Expectations Helps Avoid Time-Inconsistency Problem 1. Arises from pursuit of short-term goals which lead to bad long-term outcomes

147 views • 14 slides

76 views • 5 slides