The role of expectations in economic fluctuations and the efficacy of monetary policy
DOI10.1016/J.JEDC.2005.06.002zbMATH Open1198.91147OpenAlexW3123248617MaRDI QIDQ956482FDOQ956482
Authors: Mordecai Kurz, Hehui Jin, Maurizio Motolese 
Publication date: 25 November 2008
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Full work available at URL: http://publikationen.ub.uni-frankfurt.de/files/4445/03_42.pdf
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Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55) Rationality and learning in game theory (91A26)
Cites Work
- Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
- Determinants of stock market volatility and risk premia
- On the structure and diversity of rational beliefs
- Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
- Endogenous economic fluctuations. Studies in the theory of rational beliefs
- Rational beliefs and endogenous uncertainty
- Rational belief structures and rational belief equilibria
- Endogenous uncertainty and market volatility
- Money non-neutrality in a rational belief equilibrium with financial assets
- Speculative trading with rational beliefs and endogenous uncertainty
- Floating exchange rates versus a monetary union under rational beliefs: the role of endogenous uncertainty
- Endogenous uncertainty and the non-neutrality of money
- Coordination and correlation in Markov rational belief equilibria
- Title not available (Why is that?)
- Real business-cycle theory. Wisdom or whimsy?
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- Investment cycles
Cited In (16)
- Non-stationary, stable Markov processes on a continuous state space
- A model of financial markets with endogenously correlated rational beliefs
- Beauty contests under private information and diverse beliefs: How different?
- On rationally confident beliefs and rational overconfidence
- When can changes in expectations cause business cycle fluctuations in neo-classical settings?
- Optimal fiscal policy under learning
- Business cycle amplification with heterogeneous expectations
- Monetary policy and heterogeneous expectations
- The diversity of forecasts from macroeconomic models of the US economy
- Monetary policy under misspecified expectations
- Modeling diverse expectations in an aggregated New Keynesian model
- Expectational diversity in monetary economies
- Title not available (Why is that?)
- Diverse beliefs and time variability of risk premia
- Inflation in open economies with complete markets
- Welfare effects of short-sale constraints under heterogeneous beliefs
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