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How small shocks and heterogeneous expectations can create swings in the exchange rate

Sløk, Torsten; Sørensen, Jens Peter - 1997

Persistent link: https://www.econbiz.de/10000956407

Price volatility and investor behavior in an overlapping generations model with information asymmetry

Watanabe, Masahiro - In: The journal of finance : the journal of the American … 63 (2008) 1, pp. 229-272

Persistent link: https://www.econbiz.de/10003821591

Intergenerational complementarities in education and the relationship between growth and volatility

Palybos, Theodōros (contributor); … - 2009

We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements....

Persistent link: https://www.econbiz.de/10003885849

Stock price volatility, negative autocorrelation and the consumption-wealth ratio : the case of constant fundamentals

Leung, Charles Ka Yui; Chen, Nan-kuang - In: Pacific economic review 15 (2010) 2, pp. 224-245

Persistent link: https://www.econbiz.de/10003970640

The effects of volatility on growth and financial development through capital market imperfections

Aysan, Ahmet Faruk - In: ODTÜ gelişme dergisi / Orta Doǧu Teknik … 34 (2007) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10003685238

Genetic learning as an explanation of stylized facts of foreign exchange markets

Lux, Thomas; Schornstein, Sascha - 2002

This paper revisits the Kareken-Wallace model of exchange rate formation in a two-country overlapping generations world. Following the seminal paper by Arifovic (Journal of Political Economy, 104, 1996, 510-541) we investigate a dynamic version of the model in which agents' decision rules are...