Microfoundations of macroeconomicsMacroeconomic models are typically solved through the imposition of a top-down general equilibrium solution constraining agents' rational behavior. This is customarily obtained by recurring, explicitly or not, to the Walrasian auctioneer artifice. In this paper we aim at...
law and economics in macroeconomicsbureaucratic discretioninstitutional choicediscount windowscentral bankendogeneityINTRODUCTION In their challenging and extensively researched study, Professors Craig Allen Nard...doi:10.1348/135532507X198984Plager, S. Jay...