Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations

DOI10.1016/j.jedc.2009.09.004zbMath1182.91118OpenAlexW2152419635MaRDI QIDQ846516

Marji Lines, Frank H. Westerhoff

Publication date: 9 February 2010

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2009.09.004

zbMATH Keywords

bifurcationsintermittencyheterogeneous expectationsexpectation formationdynamic macroeconomicsnonlinearities and chaosOkun's law and Phillips curve

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55) Heterogeneous agent models (91B69)

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