The role of expectations in economic fluctuations and the efficacy of monetary policy
From MaRDI portal
Publication:956482
DOI10.1016/j.jedc.2005.06.002zbMath1198.91147MaRDI QIDQ956482
Hehui Jin, Maurizio Motolese, Mordecai Kurz
Publication date: 25 November 2008
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: http://publikationen.ub.uni-frankfurt.de/files/4445/03_42.pdf
business cycles; market volatility; nonstationarity; empirical distribution; heterogeneous beliefs; optimism; pessimism; over confidence; rational belief; monetary policy rules; money nonneutrality
91B64: Macroeconomic theory (monetary models, models of taxation)
91A26: Rationality and learning in game theory
91B55: Economic dynamics
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