Expectational diversity in monetary economies

DOI10.1016/S0165-1889(99)00024-XzbMATH Open0953.91046OpenAlexW2035756039MaRDI QIDQ1978588FDOQ1978588

William A. Brock, P. de Fontnouvelle

Publication date: 4 June 2000

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

Full work available at URL: https://doi.org/10.1016/s0165-1889(99)00024-x

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zbMATH Keywords

learningHopf bifurcationdiscrete choiceoverlapping generationsendogenous fluctuationsFiat money

Mathematics Subject Classification ID

Social choice (91B14) Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

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Cited In (17)

• A consistent route to randomness
• Generation of quasiperiodic oscillations in pairs of coupled maps
• LOCAL FEEDBACK CONTROL OF THE NEIMARK–SACKER BIFURCATION
• Random perturbations of deterministic equilibria.
• On rationally confident beliefs and rational overconfidence
• Unexpected Consequences of <scp>R</scp>icardian Expectations
• Performance of monetary policy with internal central bank forecasting
• Structural stochastic volatility in asset pricing dynamics: estimation and model contest
• Heterogeneous expectations in monetary DSGE models
• Evolutionary dynamics in markets with many trader types
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Dynamic predictor selection in a New Keynesian model with heterogeneous expectations
• Heterogeneous expectations and equilibria selection in an evolutionary overlapping generations model
• Intrinsic heterogeneity in expectation formation
• Expectational diversity in monetary economies
• Heterogeneous beliefs and the non-linear cobweb model
• Estimating the intensity of choice in a dynamic mutual fund allocation decision

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