Output fluctuations are driven by expectations about the degree of competition in the product market (and R&D sector …

In this paper we study expectations coordination on a deterministic 2-cycle by an "eductive" approach in which agents … show that eductively stable 2-cycles exit. We also show that heterogeneity of fundamentals and expectations create …

In this paper we study expectations coordination on the stationary state in a one dimensional economy. We allow for two …

Expectations Hypothesis, REH). En este artículo, mostramos que adoptando un modelo de aprendizaje racional limitado, se obtiene un …

Expectations of the future play a key role in the transmission of monetary policy. Over recent years, a lot of … theoretical and applied macroeconomic research has been based on the assumption of rational expectations. However, estimated … estimates a small open economy model for Australia assuming two different types of expectations: rational expectations and …

technological expectations to outsiders. In both senses, prototypes can be taken as indicators of technological trajectories in the …