Macroeconomic dynamics under bounded rationality: on the impact of consumers’ forecast heuristics

This paper considers various types of forecast heuristics to examine the effects of boundedly rational agents on macroeconomic dynamics. Given the baseline New Keynesian model, we seek to find the expectation formation process that is most suitable in describing economic adjustments over the busines...

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Detalles Bibliográficos
Autores principales: Jang, Tae-Seok, Sacht, Stephen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2022
Materias:
Regular Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8896973/
https://www.ncbi.nlm.nih.gov/pubmed/35284023
http://dx.doi.org/10.1007/s11403-022-00348-7

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8896973/
https://www.ncbi.nlm.nih.gov/pubmed/35284023
http://dx.doi.org/10.1007/s11403-022-00348-7

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