ɪ k s , iː and inflation is assumed(passive) to be influenced byɪ k s , iː and inflation is assumed

to quicker adjustmentleadsto quicker adjustment

to empirical implications that are generally , or even occasionally , empirically validleadsto empirical implications that are generally , or even occasionally , empirically valid

or bring about an intertemporal equilibriumcauseor bring about an intertemporal equilibrium

to consumers stockpiling commodities when prices are lowwill leadto consumers stockpiling commodities when prices are low

to several alternative equilibrium situations ... depending on what people choose to expectcan leadto several alternative equilibrium situations ... depending on what people choose to expect

a one time explosion in industrial prices and a rather smaller recovery in consumer pricesto causea one time explosion in industrial prices and a rather smaller recovery in consumer prices

all but ‘ surprise ’ departures from an equilibrium path and will , therefore , render nugatory any attempt to reduce unemployment below its ‘ natural ’ level even in the short runwill preventall but ‘ surprise ’ departures from an equilibrium path and will , therefore , render nugatory any attempt to reduce unemployment below its ‘ natural ’ level even in the short run

the policy - authority 's attempts to affect output level or unemployment by refering to the traditional output - inflation relationship to failcould causethe policy - authority 's attempts to affect output level or unemployment by refering to the traditional output - inflation relationship to fail

such lagswill naturally createssuch lags

agents to adopt bounded rationality to explain the process of formation and diffusion of expectations ... Sargent 1993leadsagents to adopt bounded rationality to explain the process of formation and diffusion of expectations ... Sargent 1993

people to react to economic predictions in ways that dampen or magnify those predictionsleadspeople to react to economic predictions in ways that dampen or magnify those predictions

them to make rational foraging decisionsleadsthem to make rational foraging decisions

to models in which quantitative monetary policy prescription and evaluation can be madewill leadto models in which quantitative monetary policy prescription and evaluation can be made

in the marketresultsin the market

me to congratulate Jack on his immanent repudiation of the abovepromptme to congratulate Jack on his immanent repudiation of the above

in and alleviate the hazardous cyclical effectsshould setin and alleviate the hazardous cyclical effects

Macroeconomic research on consumption(passive) has been influenced profoundly byMacroeconomic research on consumption

to flourishingleadto flourishing

up to the patientssetup to the patients

to a nonlinear system of equations ... in multiple variablesleadto a nonlinear system of equations ... in multiple variables

to complex dynamics in a Muthian cobweb model with heterogeneous agentsmay ... leadto complex dynamics in a Muthian cobweb model with heterogeneous agents

from Robert Lucas , and additionally substantial small business circuit theory.[72ledfrom Robert Lucas , and additionally substantial small business circuit theory.[72

alsomay ... leadalso

in such a magic formulashould resultin such a magic formula

to the situation where government policies are ineffectiveleadto the situation where government policies are ineffective

economists astraycan leadeconomists astray

in a risk premium and expectation errors which is systematicresultingin a risk premium and expectation errors which is systematic

in errors over timecan resultin errors over time

and accountability and achievement are all measured against a backdrop of cohesion of thoughtis setand accountability and achievement are all measured against a backdrop of cohesion of thought

to speculation and unexpected yet catastrophic price dropsleadto speculation and unexpected yet catastrophic price drops

all our problemscausedall our problems

δz = 1 ... but we assume an intermediate value of 0.5would setδz = 1 ... but we assume an intermediate value of 0.5

to the absence of “ information trading ” in financial markets – a result that obviously shows that rational expectations are not a realistic description of financial markets , since information trading does in fact seem to be quite commonleadsto the absence of “ information trading ” in financial markets – a result that obviously shows that rational expectations are not a realistic description of financial markets , since information trading does in fact seem to be quite common

greater demand for its tools by allowing them to more easily share information and making them more accessible to programmers and business analyststo creategreater demand for its tools by allowing them to more easily share information and making them more accessible to programmers and business analysts

off a spate of highly mechanical models that have nothing to say about our present predicamentsetoff a spate of highly mechanical models that have nothing to say about our present predicament

Keynesian economics to make a comeback among mainstream economists with New   Keynesian   MacroeconomicscausedKeynesian economics to make a comeback among mainstream economists with New   Keynesian   Macroeconomics

to the neuterality of money in the long runleadsto the neuterality of money in the long run

to capturing the lion 's share of the ZOPAmay leadto capturing the lion 's share of the ZOPA

both difficult child and you up withto setboth difficult child and you up with