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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...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2022
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| Materias: | |
| 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 |