Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle
Year of publication: |
2020
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Authors: | Chatterjee, Pratiti ; Milani, Fabio |
Published in: |
Journal of economic behavior & organization : JEBO. - Amsterdam [u.a.] : Elsevier, ISSN 0167-2681, ZDB-ID 864321-0. - Vol. 179.2020, p. 342-360
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Subject: | Sentiment | Animal spirits | Behavioral New Keynesian model | Learning | Observed survey expectations | Optimism and pessimism in business cycles | Probability density forecasts | Sources of business cycle fluctuations | Uncertainty shocks | Konjunktur | Business cycle | Schock | Shock | Risiko | Risk | Neoklassische Synthese | Neoclassical synthesis | Erwartungsbildung | Expectation formation | Prognoseverfahren | Forecasting model | Rationale Erwartung | Rational expectations | Konjunkturtheorie | Business cycle theory | Lernprozess | Learning process | Bayes-Statistik | Bayesian inference | Volatilität | Volatility | Schätzung | Estimation | Entscheidung unter Unsicherheit | Decision under uncertainty |
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