Results 281 to 290 of about 415,705 (306)

Heterogeneous Expectations, Volatility and Welfare [PDF]

, 2000
This paper explores the extent to which the lack of rationality of economic agents has affected the economic fluctuations of the U.S. hog market. The dynamic model of this paper adopts the framework of conventional rational expectations models and nests heterogeneity in expectations in the framework.
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Bulls and Bears: Heterogeneous Expectations

2000
“It is differences in opinion that makes horse races”, Mark Twain says. Following this saying, I study differences in ex­pectations among agents in this chapter. Agents conform that the state of the world is described by a diffusion model as in Chapter 1. They differ, however, in their prior beliefs about some unknown parameters of the model.
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Macroeconomic Stability and Heterogeneous Expectations [PDF]

, 2013
The late 2000s financial crisis resulted in the collapse of large financial institutions, in the bailout of banks by national governments and downturns in stock markets around the world. Such a large set of outcomes put classical economic thinking under huge pressure.
Nicolò Pecora, Alessandro Spelta
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Heterogeneous Expectations and Bond Markets

2007
This paper presents a dynamic equilibrium model of bond markets in which two groups of agents hold heterogeneous expectations about future economic conditions. The heterogeneous expectations cause agents to take speculative positions against each other and therefore generate endogenous relative wealth fluctuation.
Wei Xiong, Hongjun Yan, Review Financial
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Optimal constrained interest-rate rules under heterogeneous expectations

Journal of Economic Behavior and Organization, 2021
Emanuel Gasteiger
exaly  

Effects of Heterogeneous Expectations

This book offers a broad perspective on the economics of expectations. Experimental studies are used to analyse how human bounded rationality affects economic performance. The challenges posed for policy making are also addressed.
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Endogenously heterogeneous inflation expectations and monetary policy

Journal of Post Keynesian Economics, 2021
C Saratchand, Soumya Datta
exaly  

The heterogeneous expectations hypothesis: Some evidence from the lab

Journal of Economic Dynamics and Control, 2011
Cars Hommes
exaly  

Heterogeneous expectations in monetary DSGE models

Journal of Economic Dynamics and Control, 2013
Domenico Massaro
exaly  

Dynamic predictor selection in a new Keynesian model with heterogeneous expectations

Journal of Economic Dynamics and Control, 2010
William A Branch, Bruce McGough
exaly