Even if for this week I am still in Helsinki, I have started to study for my university exams.
I was reading my notes from last year. I HAVE TO quote these:
" For some scholars, nominal rigidities are not close to the real world. Thus, it seems that introducing them is a bit like cheating :) ".
"Neo-keynesians say that nominal rigidities are pervasive. For instance, the price of a newspaper remains the same. We could argue that, OK, the price remains the same, but the number of pages ↓ . It then becomes a matter of quantity and quality :) , but anyways...."
Fortunately, my notes are not always like these.
I was reading my notes from last year. I HAVE TO quote these:
" For some scholars, nominal rigidities are not close to the real world. Thus, it seems that introducing them is a bit like cheating :) ".
"Neo-keynesians say that nominal rigidities are pervasive. For instance, the price of a newspaper remains the same. We could argue that, OK, the price remains the same, but the number of pages ↓ . It then becomes a matter of quantity and quality :) , but anyways...."
Fortunately, my notes are not always like these.
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