Experimental and survey evidence robustly documents "present bias" — people are more impatient over the short run than the long run, producing preference reversals inconsistent with standard …
Online FirstJournal of Money, Credit and BankingOnline 17 Feb 2026
Dennis and Kirsanova ask whether shocks to labor-market matching efficiency and worker bargaining power pose a significant problem for monetary policy, and whether the inability to commit (discretion …