Heterogeneous expectations in monetary DSGE models

DOI10.1016/j.jedc.2012.11.001zbMath1346.91142OpenAlexW2054420925MaRDI QIDQ318388

Domenico Massaro

Publication date: 5 October 2016

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2012.11.001

zbMATH Keywords

monetary policydeterminacyheterogeneous expectationsevolutionary dynamics

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (13)

Optimal monetary policy in a New Keynesian model with heterogeneous expectations ⋮ A tale of two correlations: evidence and theory regarding the phase shift between the price level and output ⋮ Animal spirits and credit cycles ⋮ Managing monetary policy in a New Keynesian model with many beliefs types ⋮ The behavioral economics of currency unions: economic integration and monetary policy ⋮ Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach ⋮ Formation of rationally heterogeneous expectations ⋮ Managing unanchored, heterogeneous expectations and liquidity traps ⋮ The New Keynesian Phillips curve with myopic agents ⋮ Monetary policy transmission in a model with animal spirits and house price booms and busts ⋮ Home biased expectations and macroeconomic imbalances in a monetary union ⋮ Identifying booms and busts in house prices under heterogeneous expectations ⋮ A note on symmetry breaking in a non linear marketing model

Cites Work

• Animal spirits and monetary policy
• Evolutionary dynamics in markets with many trader types
• The heterogeneous expectations hypothesis: Some evidence from the lab
• On learning equilibria
• Formation of rationally heterogeneous expectations
• Herding, a-synchronous updating and heterogeneity in memory in a CBS
• Dynamic predictor selection in a New Keynesian model with heterogeneous expectations
• Heterogeneity and misspecifications in learning
• Expectational diversity in monetary economies
• A New Keynesian model with heterogeneous expectations
• The Solution of Linear Difference Models under Rational Expectations
• Macroeconomic Expectations of Households and Professional Forecasters
• Expectations and the Stability Problem for Optimal Monetary Policies
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

This page was built for publication: Heterogeneous expectations in monetary DSGE models