Dynamic predictor selection in a New Keynesian model with heterogeneous expectations

DOI10.1016/J.JEDC.2010.03.012MaRDI QIDQ991404zbMATH OpenOpenAlexFDO

Authors William A. Branch, Bruce McGough

Publication date 7 September 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.2010.03.012

zbMATH Keywords

complex dynamicsdeterminacymonetary policyheterogeneous expectations

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55) Heterogeneous agent models (91B69)

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Cites work

• scientific article; zbMATH DE number 53149 (Why is no real title available?)
• scientific article; zbMATH DE number 3793969 (Why is no real title available?)
• A New Keynesian model with heterogeneous expectations
• A Rational Route to Randomness
• Consistent expectations and misspecification in stochastic non-linear economies
• Elements of applied bifurcation theory.
• Expectational diversity in monetary economies
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Intrinsic heterogeneity in expectation formation
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Macroeconomic Expectations of Households and Professional Forecasters
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary policy and stable indeterminacy with inertia
• Monetary policy, indeterminacy and learning
• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• On learning equilibria
• Sticky information and model uncertainty in survey data on inflation expectations
• The design of monetary and fiscal policy: a global perspective
• The perils of Taylor rules

Cited in

(18)

• Managing unanchored, heterogeneous expectations and liquidity traps
• Identifying booms and busts in house prices under heterogeneous expectations
• Macroeconomic and stock market interactions with endogenous aggregate sentiment dynamics
• Heterogeneous expectations in monetary DSGE models
• Monetary policy and heterogeneous expectations
• Modeling diverse expectations in an aggregated New Keynesian model
• Monetary policy transmission in a model with animal spirits and house price booms and busts
• Behavioral Heterogeneity in U.S. Inflation Dynamics
• Forecast combination, non-linear dynamics, and the macroeconomy
• Managing monetary policy in a New Keynesian model with many beliefs types
• The behavioral economics of currency unions: economic integration and monetary policy
• Effects of Inflation Expectations on Macroeconomic Dynamics: Extrapolative Versus Regressive Expectations
• Optimal monetary policy in a New Keynesian model with heterogeneous expectations
• Monetary policy and determinacy: an inquiry into open economy New Keynesian macrodynamics
• Coexistence of equilibria in a New Keynesian model with heterogeneous beliefs
• A New Keynesian model with heterogeneous expectations
• Learning in a credit economy
• Inflation expectations and macroeconomic dynamics: the case of rational versus extrapolative expectations

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