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expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10010328325
expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10011739581
expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10010227354
expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10011157186
expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10011099559
expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10011257071
expectations amplify boom and bust cycles and how endogenous coordination on pessimistic expectations amplifies crises and slows …
Persistent link: https://www.econbiz.de/10011774123
An important topic in recent macroeconomic literature is the potential effects of noise, or expectational, shocks on aggregates. Most of the past analysis has used some derivative of a New Keynesian model with labor as the only input, but doing so fails to consider that some input decisions may...
Persistent link: https://www.econbiz.de/10011110845
The recent macroeconomic literature stresses the importance of managing heterogeneous expectations in the formulation of monetary policy. We use a stylized macro model of Howitt (1992) to investigate inflation dynamics under alternative interest rate rules when agents have heterogeneous...
Persistent link: https://www.econbiz.de/10010325843
Models with heterogeneous interacting agents explain macro phenomena through interactions at the micro level. We propose genetic algorithms as a model for individual expectations to explain aggregate market phenomena. The model explains all stylized facts observed in aggregate price fluctuations...
Persistent link: https://www.econbiz.de/10010263533