Animal spirits and credit cycles

DOI10.1016/J.JEDC.2015.07.003MaRDI QIDQ1657484zbMATH OpenOpenAlexFDO

Authors Paul De Grauwe, Corrado Macchiarelli

Publication date 13 August 2018

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

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.jedc.2015.07.003

zbMATH Keywords

animal spiritscredit cycleinterest rate spreadstabilization

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A New Keynesian model with heterogeneous expectations
• A Rational Route to Randomness
• Animal spirits and monetary policy
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Heterogeneous expectations in monetary DSGE models
• scientific article; zbMATH DE number 858900 (Why is no real title available?)
• scientific article; zbMATH DE number 3892349 (Why is no real title available?)
• Inflation Persistence
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Macroeconomic Expectations of Households and Professional Forecasters
• Monetary policy, indeterminacy and learning
• Performance of monetary policy with internal central bank forecasting
• Price rigidity and the selection of the exchange rate regime
• Sticky information and model uncertainty in survey data on inflation expectations
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Supply shocks and employment in an open economy
• The heterogeneous expectations hypothesis: Some evidence from the lab
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(18)

• Real business cycles and the animal spirits hypothesis
• The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle
• Animal spirits as an engine of boom-busts and throttle of productivity growth
• Income inequality, consumption, credit and credit risk in a data-driven agent-based model
• Macroeconomic expectations, central bank communication, and background uncertainty: a COVID-19 laboratory experiment
• A business-cycle model connecting heterogeneous micro investment behaviors with macro dynamics
• Business fluctuations in a behavioral switching model: gridlock effects and credit crunch phenomena in financial networks
• On the external validity of experimental inflation forecasts: a comparison with five categories of field expectations
• Unconventional monetary policy in a nonlinear quadratic model
• The Paradox of Thrift, Liquidity Preference and Animal Spirits
• Liquidity shock, animal spirits and bank runs
• Animal spirits and the business cycle: empirical evidence from moment matching
• Taming animal spirits: risk management with behavioural factors
• Animal spirits and monetary policy
• Enter the MATRIX model:a multi-agent model for transition risks with application to energy shocks
• Testing the animal spirits theory for ethical investments: further evidence from aggregated and disaggregated data
• Leaning against the wind in the New Keynesian model with heterogeneous expectations
• Believe me when I say green! Heterogeneous expectations and climate policy uncertainty

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