Self-fulfilling prophecies
From MaRDI portal
Publication:595488
DOI10.1016/0022-0531(81)90038-7zbMath0527.90014OpenAlexW2087292465WikidataQ98108382 ScholiaQ98108382MaRDI QIDQ595488
Publication date: 1981
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(81)90038-7
aggregative model of overlapping generationsextraneous uncertaintyrational expectations equilibriatwo-state Markov process
Related Items (98)
Stationary sunspot equilibria in an N commodity world ⋮ Stationary sunspot equilibria in a finance constrained economy ⋮ Stabilizing competitive business cycles ⋮ Deficits and cycles ⋮ Indivisibilities, lotteries, and sunspot equilibria ⋮ REPRESENTATIONS AND SUNSPOT STABILITY ⋮ Efficiency and determinacy of equilibrium under inflation targeting ⋮ Fiscal rules and extrinsic uncertainty ⋮ On the structure of Ramsey equilibrium: Cycles, indeterminacy, and sunspots ⋮ Short-memory equilibrium in stochastic overlapping generations economies ⋮ Correlated equilibrium and sunspot equilibrium ⋮ Coarse correlated equilibria in linear duopoly games ⋮ A geometric approach to sunsport equilibria. ⋮ Stationary sunspot equilibrium in a cash-in-advance economy ⋮ ENDOGENOUS BUSINESS CYCLES IN OVERLAPPING-GENERATIONS ECONOMIES WITH MULTIPLE CONSUMPTION GOODS ⋮ Existence and local uniqueness of functional rational expectations equilibria in dynamic economic models ⋮ Business-cycle models and the dangers of linearizing ⋮ Statistical equilibrium in one-step forward looking economic models ⋮ An Alternative Proof of the Theorem of Woodford on the Existence of a Sunspot Equilibrium in a Continuous-Time Model ⋮ Correlated equilibria and sunspots ⋮ Strategic Growth ⋮ Non-stationary, stable Markov processes on a continuous state space ⋮ Comments on ``The fiscal theory of the price level in a world with low interest rates by M. Bassetto and W. Cui ⋮ Solving and estimating indeterminate DSGE models ⋮ On the existence of sunspot equilibria in an overlapping generations model ⋮ ``Quasifundamental variation in a price level and the inflation rate ⋮ Business cycles with free entry ruled by animal spirits ⋮ Dynamic determinacy and the existence of sunspot equilibria ⋮ QUASI-LINEAR UTILITY FUNCTIONS AND THE DYNAMICS OF PURE EXCHANGE OVERLAPPING GENERATIONS MODELS ⋮ Coordination via correlation: an experimental study ⋮ Options markets, self-fulfilling prophecies, and implied volatilities ⋮ Local sunspot equilibria reconsidered ⋮ A dynamic equilibrium model of search, bargaining, and money ⋮ The rationality of expectations formation ⋮ A new suggestion for simplifying the theory of money ⋮ Functional sunspot equilibria ⋮ Chaotic dynamics in a cash-in-advance economy ⋮ Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money ⋮ Bubble economics ⋮ Existence of adaptively stable sunspot equilibria near an indeterminate steady state. ⋮ Endogenous liquidity and volatility ⋮ Believe it or not: experimental evidence on sunspot equilibria with social networks ⋮ Eliminating sunspot effects in overlapping generations models ⋮ The relation between sunspot effects and multiplicity in incomplete markets models with numeraire assets ⋮ Household debt and crises of confidence ⋮ Multiple solutions in systems of functional differential equations ⋮ Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models ⋮ Speculation and price fluctuations with private, extrinsic signals ⋮ Sunspot-like effects of random endowments ⋮ Sunspots, correlation and competition ⋮ The invisible hand and the rational agent are behind bubbles and crashes ⋮ Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations ⋮ Imitation and contrarian behaviour: hyperbolic bubbles, crashes and chaos ⋮ Adjustment costs, learning, and indeterminacy ⋮ Can financial intermediation induce endogenous fluctuations ⋮ Indeterminacy, sunspots, and development traps ⋮ Stable sunspot solutions in models with predetermined variables ⋮ Monetary policy transmission in a model with animal spirits and house price booms and busts ⋮ Expectational stability of sunspot equilibria in non-convex economies ⋮ Stability properties for learning with heterogeneous expectations and multiple equilibria ⋮ The optimal management of renewable resources under the risk of potential regime shift ⋮ Financial intermediation in an overlapping generations model with transaction costs ⋮ Imperfect competition and indeterminacy of aggregate output ⋮ Theoretical tests of the rational expectations hypothesis in economic dynamical models ⋮ Stability of functional rational expectations equilibria ⋮ Animal spirits and monetary policy ⋮ Price stabilizing, Pareto improving policies ⋮ Trade elasticity of substitution and equilibrium dynamics ⋮ Balanced-budget rules: chaos and deterministic sunspots ⋮ Understanding self-fulfilling rational expectations equilibria in real business cycle models ⋮ Indeterminacy and expectation-driven fluctuations with non-separable preferences ⋮ Time and uncertainty in overlapping generations economies ⋮ Stable near-rational sunspot equilibria ⋮ Animal spirits and the composition of innovation in a lab-equipment R\&D model with transition ⋮ Two-period cycles in a three-period overlapping generations model ⋮ Capacity utilization under increasing returns to scale ⋮ Endogenous strategic business cycles ⋮ Convexity and sunspots: A remark ⋮ Introduction to market psychology and nonlinear endogenous business cycles ⋮ Capital-labor substitution and competitive nonlinear endogenous business cycles ⋮ Nominal exchange rate determination and dynamics in an OLG framework ⋮ Celebrating Roger Farmer ⋮ Money taxes and efficiency when sunspots matter ⋮ A monetarist model of inflation ⋮ Indeterminacy and business-cycle fluctuations in a two-sector monetary economy with externalities ⋮ Sufficient conditions for the existence of sunspot equilibria ⋮ Indeterminacy and stabilization policy ⋮ Legal restrictions, ``sunspots, and cycles ⋮ Sunpsots and cycles \(reconsidered^{1}\) ⋮ INDETERMINACY AND PERIOD LENGTH UNDER BALANCED BUDGET RULES ⋮ Convergence of learning algorithms without a projection facility ⋮ Indeterminacy in a model with sector-specific externalities ⋮ Learning, hypothesis testing, and rational-expectations equilibrium ⋮ Statistical mechanics of financial markets: exponential modifications to Black-Scholes. ⋮ Overlapping generations models with incomplete markets ⋮ A benchmark for comparative dynamics and determinacy in overlapping- generations economies ⋮ A model of dynamic equilibrium asset pricing with heterogeneous beliefs and extraneous risk ⋮ Consistent collusion-proofness and correlation in exchange economies.
Cites Work
This page was built for publication: Self-fulfilling prophecies