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42 search results for: time inconsistency


Folk addiction = time inconsistency?

As you may or may not know, I am a vegetarian.  As a result, occasionally I talk myself into needing more protein.  To do this I eat cashews, which I think are actually just mainly fat, but are very yummy. Anyways, I went along to the supermarket and purchased a small number of cashews.  The […]


Welfare and time inconsistency

Hi all. Good to see people commenting on re-thinking interest rate policy here, I am going to give it another day for people to make comments (as I am waiting for some specific people) and then I’ll start writing things up on the weekend – so if there is anything you want to add, go […]


RBNZ inconsistency

Eric Crampton points out that the RBNZ seems quite inconsistent at the moment. Now I have a high level of respect for our central bank, but Crampton is completely right. How are they inconsistent? They complained that retail banks aren’t cutting interest rates far enough, then they stated that they think household’s need to save […]