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Wage rigidities may induce firms to perform adjustments along the employment margin as an alternative way to react to shocks.
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We have to remember that it also takes time for businesses to react to shock outcomes like the Brexit vote".
If consumers believe the central bank will keep inflation low, then they will not react to temporary shocks (such as high oil prices) by demanding higher wages.
Though the two professors found that no single historical characteristic was a perfect predictor of how a stock would react to liquidity shocks, one of the useful indicators was how it reacts to large "buy" or "sell" orders.
First, it is one about people: how will Europeans react to this shock?
Asian stock markets are the first to react to the shock news that the $700bn Wall Street bailout has failed.
And I know that the rovers are on Mars to study the soil and rocks and see how they react to the shock of things landing on and dragging across them.
Denial is how our bodies and minds often react to the shock of a loss.
By estimating the impact of tax shocks at the implementation date rather than at the announcement date, we assumed that agents do not react to anticipated tax shocks.
Labour's policy would remove the LPC's flexibility to react to future economic shocks, and would politicise an issue where consensus has been the norm.
We know how they react to short, sharp shocks: They buy on dips.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com