Heterogeneous beliefs, monetary policy, and stock price volatility

DOI10.1007/S10436-020-00379-9MaRDI QIDQ2036005zbMATH OpenOpenAlexFDO

Authors Katsuhiro Oshima

Publication date 28 June 2021

Published in Annals of Finance (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/2433/245015

zbMATH Keywords

heterogeneitystock priceasset pricingmonetary policyNew Keynesiansubjective belief

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42) Heterogeneous agent models (91B69)

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Cites work

• A quartet of asset pricing models in nominal and real economies
• Asset pricing implications of a New Keynesian model
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Internal rationality, imperfect market knowledge and asset prices
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations
• Stock market conditions and monetary policy in a DSGE model for the U.S.
• Stock prices and monetary policy shocks: a general equilibrium approach

Cited in

(6)

• Heterogeneous beliefs, trading volume, and seemingly emotional stock market behavior
• Whose Disagreement Matters? Household Belief Dispersion and Stock Trading Volume
• Stock prices and the risk-free rate: an internal rationality approach
• Effects of financial innovations on market volatility when beliefs are heterogeneous
• Monetary policy and asset prices with belief-driven fluctuations
• Stock prices and monetary policy shocks: a general equilibrium approach

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