Richard Dennis

Richard Dennis · Oleg Kirsanov

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 …

Richard Dennis · Tatiana Kirsanova

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 …