This paper studies optimal monetary policy in a model where inflation is persistent. Two types of price setters are assumed to exist. One acts rationally given Calvo-type constraints on price setting. The other type sets prices according to a rule-of-thumb. This results in a Phillips curve with both a forward-looking term and a backward-looking term. The Phillips curve nests a standard purely f...

This paper shows that monetary policy should be delegated to a central bank that cross-checks optimal policy with information from the Taylor rule. Attaching some weight to deviations of the interest rate from the interest rate prescribed by the Taylor rule is beneficial if the central bank aims at optimally stabilizing inflation and output gap variability under discretion. Placing a weight on ...

Self-reported Intolerance of Uncertainty (IU) is the tendency to find uncertainty aversive. There a lack empirical research on how IU modulates anticipatory responding during threatening contexts with different parameters uncertainty. Exploratory secondary analyses were conducted an existing data set ( n = 45) examine whether related particular parameter instructed threat shock (i.e. certain sh...

Due to the inherent nature of e-commerce, customers usually have to take certain level of risks while shopping online. To deal with such risks and their associated uncertainty, most of the e-commerce websites provide product review ranking services to help customers to make purchase decisions. However, such services are typically not reliable because the ranking results are usually based on the...

The COVID-19 pandemic and interventions addressing it raise important questions about human mobility that have geopolitical implications. This forum uses immobility during the as lenses onto ways routinised state power reacts to acute uncertainties, well how these reactions impact politics societies. Specifically, we propose concept of “shock mobility” migratory routines radically reconfigured:...