The objective of this paper is to examine the long-run and the short-run relationship between India, China and Japanese stock markets and key macroeco- nomic variables such as exchange rates and inflation (proxied by consumer price index) of ASIAN 3 economies (India, China and Japan). Monthly...

Chapter 1: Introduction: The Social and Behavioural Turn in Macroeconomics -- Chapter 2: Behavioural Economics: A Review -- Chapter 3: Sociality and behavioural traits in Macroeconomics -- Chapter 4: Socio-behavioural traits and long-run growth -- Chapter 5: Hyperbolic discounting, labour supply...

The aim of our paper is to assess what we call the "discrepancy hypothesis". It states that the transformation of macroeconomics triggered by Lucas, Kydland and Prescott has failed to percolate in the contents of undergraduate textbooks. In the theoretical part of the paper, we draw a contrast...