Overconfidence seems to be an essential aspect of human nature, and one way to study overconfidence is to consider … achievements; what remains can be interpreted as (over)confidence. In this paper we study overconfidence using a sample of about … students are overconfident, which is in agreement with what most people find. Less obvious findings are that overconfidence is …

expectations persistence is an important source of the macroeconomic persistence documented in Fuhrer (2015). …

expectations persistence is an important source of the macroeconomic persistence documented in Fuhrer (2015). …

persistence in the variables it seeks to explain.A common solution is to modify the model to include lagged variables … persistence, is instrumental in generating inflation persistence.However, the combination of full forward-looking behaviour and an … open economy is unable to generate sufficient persistence in the output gap. Adding an autocorrelated noise term to the …

persistence in the variables it seeks to explain. A common solution is to modify the model to include lagged variables. However … persistence, is instrumental in generating inflation persistence. However, the combination of full forward-looking behaviour and … an open economy is unable to generate sufficient persistence in the output gap. By including an autocorrelated noise term …

stylised facts of the cyclical behaviour of unemployment and to estimate the size of persistence. The model is applied to the U … persistence effects and are subject to considerably smaller confidence bounds compared to approaches based on wage and price …