conditions are fully anticipated provides evidence on the relevance of this alternative. We find that anticipation effects i …

allowing for ``anticipation effects'' in response to ``news shocks'' enables standard RBC models to predict both the observed … patterns of negative comovement and overall positive correlations. Anticipation also improves magnification of shocks in the … model without harming predictions for the other second moments central to RBC studies. Anticipation effects improve on …

economic fundamentals unrelated to current fundamentals. These "anticipation effects" are contrasted with the effects of … illustrate that the enriche model dynamics under the anticipation assumption can replicate both the positive and negative …