Heterogeneous beliefs, monetary policy, and stock price volatility

DOI10.1007/S10436-020-00379-9zbMATH Open1467.91092OpenAlexW2991156822MaRDI QIDQ2036005FDOQ2036005

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

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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)

Cites Work

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

Cited In (6)

• 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
• Heterogeneous beliefs, trading volume, and seemingly emotional stock market behavior

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