Modeling diverse expectations in an aggregated New Keynesian model

DOI10.1016/j.jedc.2013.01.016zbMath1327.91049OpenAlexW2062134094MaRDI QIDQ900374

Giulia Piccillo, Mordecai Kurz, Howei Wu

Publication date: 22 December 2015

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.01.016

zbMATH Keywords

Bayesian learningNew Keynesian modelrational beliefsupdating beliefsheterogenous beliefsmarket state of beliefmonetary policy rule

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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