Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations
From MaRDI portal
Publication:846516
DOI10.1016/j.jedc.2009.09.004zbMath1182.91118MaRDI QIDQ846516
Frank H. Westerhoff, Marji Lines
Publication date: 9 February 2010
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2009.09.004
bifurcations; intermittency; heterogeneous expectations; expectation formation; dynamic macroeconomics; nonlinearities and chaos; Okun's law and Phillips curve
91B64: Macroeconomic theory (monetary models, models of taxation)
91B55: Economic dynamics
91B69: Heterogeneous agent models
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