Narrow search
Showing 31 - 40 of 196,585
Cover Image
The misspecification of expectations in New Keynesian models : a DSGE-VAR approach
Cole, Stephen J.; Milani, Fabio - 2016
This paper tests the ability of popular New Keynesian models, which are traditionally used to study monetary policy and business cycles, to match the data regarding a key channel for monetary transmission: the dynamic interactions between macroeconomic variables and their corresponding...
Persistent link: https://www.econbiz.de/10011541080
Cover Image
Bubble formation and (in)efficient markets in learning-to-forecast and -optimise experiments
Te, Bao; Hommes, Cars H.; Makarewicz, Tomasz - 2015
This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in three treatments where subjects (1) submit a price forecast only, (2) choose quantity to buy/sell and (3) perform both tasks. We find deviation of the market price from the...
Persistent link: https://www.econbiz.de/10011333057
Cover Image
Rationalizing rational expectations? : tests and deviations
D'Haultfœuille, Xavier; Gaillac, Christophe; Maurel, Arnaud - 2018
In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in two different datasets that cannot be matched....
Persistent link: https://www.econbiz.de/10011951089
Cover Image
Randomizing endowments : an experimental study of rational expectations and reference-dependent preferences
Götte, Lorenz; Harms, Annette; Sprenger, Charles - 2014
An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...
Persistent link: https://www.econbiz.de/10010436164
Cover Image
The rational expectations hypothesis : an assessment from Popper's philosophy
Ayala, Iván H.; Palacio Vera, Alfonso - 2014
The rational expectations hypothesis (REH) is the standard approach to expectations formation in macroeconomics. We discuss its compatibility with two strands of Karl Popper's philosophy: his theory of knowledge and learning, and his "rationality principle" (RP). First, we show that the REH is...
Persistent link: https://www.econbiz.de/10010233586
Cover Image
The El Farol problem revisited
Böhm, Volker - 2015
The so-called El Farol problem describes a prototypical situation of interacting agents making binary choices to participate in a non-cooperative environment or to stay by themselves and choosing an outside option. In a much cited paper Arthur (1994) argues that persistent on-converging...
Persistent link: https://www.econbiz.de/10010487597
Cover Image
Unemployment and domestic violence : theory and evidence ; conference paper
Anderberg, Dan; Rainer, Helmut; Wadsworth, Jonathan; … - 2013
While many commentators perceive unemployment to be a key risk factor for intimate partner violence, the empirical evidence remains limited. We combine individual-level data from the British Crime Survey (BCS) with local labor market data to estimate the effects of total and gender-specific...
Persistent link: https://www.econbiz.de/10010341641
Cover Image
Intra-household commuting choices and local labour markets
Roberts, Jennifer; Taylor, Karl - 2015
sensitive to local unemployment rates than women's; where women earn less than one-third of household income, their commute … no effect on male commute times, but in households where women earn the majority of household income, men commute further … household types; there are important differences in our results according to female income share, housing tenure, mover status …
Persistent link: https://www.econbiz.de/10011346581
Cover Image
Unemployment and domestic violence : theory and evidence
Anderberg, Dan; Rainer, Helmut; Wadsworth, Jonathan; … - 2013
Is unemployment the overwhelming determinant of domestic violence that many commentators expect it to be? The contribution of this paper is to examine, theoretically and empirically, how changes in unemployment affect the incidence of domestic abuse. The key theoretical prediction is that male...
Persistent link: https://www.econbiz.de/10009777017
Cover Image
Unemployment and domestic violence : theory and evidence
Anderberg, Dan; Rainer, Helmut; Wadsworth, Jonathan; … - 2013
Is unemployment the overwhelming determinant of domestic violence that many commentators expect it to be? The contribution of this paper is to examine, theoretically and empirically, how changes in unemployment affect the incidence of domestic abuse. The key theoretical prediction is that male...
Persistent link: https://www.econbiz.de/10009764966