Heterogeneous expectations in monetary DSGE models

DOI10.1016/J.JEDC.2012.11.001MaRDI QIDQ318388zbMATH OpenOpenAlexFDO

Authors Domenico Massaro

Publication date 5 October 2016

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

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

zbMATH Keywords

evolutionary dynamicsdeterminacymonetary policyheterogeneous expectations

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(32)

• The New Keynesian Phillips curve with myopic agents
• Some observations on the high-frequency versions of a standard New-Keynesian model
• Managing unanchored, heterogeneous expectations and liquidity traps
• A tale of two correlations: evidence and theory regarding the phase shift between the price level and output
• Fiscal consolidations and heterogeneous expectations
• Animal spirits and credit cycles
• Home biased expectations and macroeconomic imbalances in a monetary union
• Identifying booms and busts in house prices under heterogeneous expectations
• Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations
• Editorial: Networks, heterogeneity and evolution in economics: a short review
• Selection of random coefficients in ordered response models: a framework to detect heterogeneity in household surveys
• A New Keynesian model with heterogeneous expectations
• Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach
• Optimal monetary policy in a New Keynesian model with heterogeneous expectations
• The behavioral economics of currency unions: economic integration and monetary policy
• The implications of financial frictions and imperfect knowledge in the estimated DSGE model of the U.S. economy
• Business cycle amplification with heterogeneous expectations
• Monetary policy and heterogeneous expectations
• Heterogeneous expectations and debt in a growth model for a small open economy
• Dynamic predictor selection in a New Keynesian model with heterogeneous expectations
• Monetary policy transmission in a model with animal spirits and house price booms and busts
• Expectation formation and monetary DSGE models: beyond the rational expectations paradigm
• The modeling of expectations in empirical DSGE models: a survey
• Managing monetary policy in a New Keynesian model with many beliefs types
• Incorporating diagnostic expectations into the New Keynesian framework
• The New Keynesian transmission mechanism: a heterogeneous-agent perspective
• Hysteresis and post Walrasian economics
• Expectational diversity in monetary economies
• A note on symmetry breaking in a non linear marketing model
• Coexistence of equilibria in a New Keynesian model with heterogeneous beliefs
• Effects of Inflation Expectations on Macroeconomic Dynamics: Extrapolative Versus Regressive Expectations
• Formation of rationally heterogeneous expectations

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