Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations
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Publication:846516
DOI10.1016/J.JEDC.2009.09.004zbMATH Open1182.91118OpenAlexW2152419635MaRDI QIDQ846516FDOQ846516
Authors: Marji Lines, Frank Westerhoff 
Publication date: 9 February 2010
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.2009.09.004
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bifurcationsintermittencyheterogeneous expectationsdynamic macroeconomicsexpectation formationnonlinearities and chaosOkun's law and Phillips curve
Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55) Heterogeneous agent models (91B69)
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Cited In (18)
- An agent-based macroeconomic model with interacting firms, socio-economic opinion formation and optimistic/pessimistic sales expectations
- Complex dynamics associated with the appearance/disappearance of invariant closed curves
- On the concept of endogenous volatility
- Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps
- TECHNICAL ANALYSIS BASED ON PRICE-VOLUME SIGNALS AND THE POWER OF TRADING BREAKS
- Inflationary expectations and rationality revisited
- The heterogeneous expectations hypothesis: Some evidence from the lab
- Inflationary Consequences of Anticipated Macroeconomic Policies
- Rational thinking under costly information-macroeconomic implications
- Monetary policy with a state-dependent inflation target in a behavioral two-country monetary union model
- Trend inflation, sticky prices, and expectational stability
- Effects of Inflation Expectations on Macroeconomic Dynamics: Extrapolative Versus Regressive Expectations
- Expectations in an open economy hyperinflation: evidence from Germany 1921--23
- Inflation-deflation expectations and economic stability in a Kaleckian system
- Coexistence of equilibria in a New Keynesian model with heterogeneous beliefs
- The Formation of Inflation Expectations under Changing Inflation Regimes
- Emerging patterns in inflation expectations with multiple agents
- Inflation expectations of households in India: role of oil prices, economic policy uncertainty, and spillover of global financial uncertainty
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