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Causal and stochastic elements in business cycles : an essential extension of macroeconomics leading to improved predictions of data

Aulin, Arvid; Ahmavaara, Yrjö - 1996

Persistent link: https://www.econbiz.de/10012939283

Technology shocks and predictable Minsky cycles

L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter - 2021

Persistent link: https://www.econbiz.de/10012603899

Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle

Chatterjee, Pratiti; Milani, Fabio - In: Journal of economic behavior & organization : JEBO 179 (2020), pp. 342-360

Persistent link: https://www.econbiz.de/10012486782

Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle

Chatterjee, Pratiti; Milani, Fabio - 2020

What are the effects of beliefs, sentiment, and uncertainty, over the business cycle? To answer this question, we develop a behavioral New Keynesian macroeconomic model, in which we relax the assumption of rational expectations. Agents are, instead, boundedly rational: they have a...

Persistent link: https://www.econbiz.de/10012294890

Technology shocks and predictable Minsky cycles

L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter - 2022

Persistent link: https://www.econbiz.de/10014329759

Technology Shocks and Predictable Minsky Cycles

L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter - 2023

relax collateral constraints today, leading to a boom before the realization of the shock. But reallocation of capital … toward the secondary sector when the shock hits leads to a bust going forward. These cycles are perfectly foreseen in our …

Persistent link: https://www.econbiz.de/10014350131