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Endogenous indeterminacy and volatility of asset prices under ambiguity

Mandler, Michael - In: Theoretical economics : TE ; journal of the Econometric … 8 (2013) 3, pp. 729-750

Persistent link: https://www.econbiz.de/10010207658

Endogenous indeterminacy and volatility of asset prices under ambiguity

Mandler, Michael - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 729-750

If agents are ambiguity-averse and can invest in productive assets, asset prices can robustly exhibit indeterminacy in … the markets that open after the productive investment has been launched. For indeterminacy to occur, the aggregate supply … systematically. That indeterminacy arises only at a knife-edge set of aggregate supplies allows for a simple explanation of the …

Persistent link: https://www.econbiz.de/10011685225

Endogenous credit and investment cycles with asset price volatility

Carli, Francesco; Modesto, Leonor - In: Macroeconomic dynamics 22 (2018) 7, pp. 1859-1874

Persistent link: https://www.econbiz.de/10011918207

America's First Great Moderation

Shaffer, Ryan - 2011

This paper identifies America's first Great Moderation, a period from 1841-1856 of unbroken economic expansion and low volatility comparable to the Great Moderation of the 1980s-2000s. This moderation occurred despite a lack of central banks, low governmental spending, and barriers to interstate...

Persistent link: https://www.econbiz.de/10009468758

On the (de)stabilizing effects of news shocks

Winkler, Roland C.; Wohltmann, Hans-Werner - 2009

This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility in any purely forward-looking model, such as the baseline New Keynesian model, the results are ambiguous when including a backward-looking component. In addition to these...

Persistent link: https://www.econbiz.de/10010285357