Similar Search Results

Predicting the unpredictable : forecastable bubbles and business cycles under rational expectations

Gracia, Eduard - 2012

A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if it holds, market valuations must follow a random walk; hence, the hypothesis is frequently criticized on the basis of empirical evidence against such a prediction. Yet this reasoning incurs what we...

Persistent link: https://www.econbiz.de/10009663233

On the power and weakness of rational expectations : logical fallacies, periodic bubbles and business cycles

Gracia, Eduard - 2012

A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if the hypothesis holds, then market valuations must follow a random walk. This postulate has frequently been criticized on the basis of empirical evidence. Yet the assertion itself incurs what we...

Persistent link: https://www.econbiz.de/10009547387

On the power and weakness of rational expectations: Logical fallacies, periodic bubbles and business cycles

Gracia, Eduard - 2012

Persistent link: https://www.econbiz.de/10010309044

Confidence and the Transmission of Macroeconomic Uncertainty in U.S. Recessions

Zhang, Fang - 2016

This paper studies the role of confidence in the transmission of uncertainty shocks during U.S. recessions. I use … isolate the role of confidence when the economy is in different regimes, recessions and non-recessions. I find that shutting … down the confidence channel leads to greatly dampened and less persistent effects of uncertainty shocks, especially during …

Persistent link: https://www.econbiz.de/10013002329

Breaking the spell with credit-easing : self-confirming credit crises in competitive search economies

Gaballo, Gaetano; Marimon, Ramon - 2016

Persistent link: https://www.econbiz.de/10011449974

Breaking the spell with credit-easing : self-confirming credit crises in competitive search economies

Gaballo, Gaetano; Marimon, Ramon - 2016

Persistent link: https://www.econbiz.de/10011446720

The value of trust : a new perspective on investment decision making and the stock market

Schellhaas, Valentin - 2010 - 1. Aufl.

Persistent link: https://www.econbiz.de/10003986495

Global confidence crisis : the value of waiting and coordination failures revisited

De Gregorio, Jose - 2009

Persistent link: https://www.econbiz.de/10003954417

Uncertainty and capacity constraints: Reconsidering the aggregate production function

Gracia, Eduard - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-19, pp. 1-50

The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, yet both its theoretical and empirical bases have long been under question. This paper builds an alternative function on very different (albeit also neoclassical) microfoundations aimed at both...

Persistent link: https://www.econbiz.de/10010307562

Capital-Task Complementarity and the Decline of the U.S. Labor Share of Income

Orak, Musa - 2017

This paper provides evidence that shifts in the occupational composition of the U.S. workforce are the most important factor explaining the trend decline in the labor share over the past four decades. Estimates suggest that while there is unitary elasticity between equipment capital and...

Persistent link: https://www.econbiz.de/10014122283