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Endogenous uncertainty and the non-neutrality of money

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Publication:1404129
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DOI10.1007/S00199-002-0293-8zbMath1040.91072OpenAlexW2144183680MaRDI QIDQ1404129

Maurizio Motolese

Publication date: 20 August 2003

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10807/14266


zbMATH Keywords

Phillips curveMonetary policyRational expectationsEndogenous uncertaintyRational beliefsMoney non-neutralityRational belief equilibriumStates of belief


Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)


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Non-stationary, stable Markov processes on a continuous state space ⋮ Modeling diverse expectations in an aggregated New Keynesian model ⋮ Beauty contests under private information and diverse beliefs: How different? ⋮ On rationally confident beliefs and rational overconfidence ⋮ The role of expectations in economic fluctuations and the efficacy of monetary policy ⋮ Business cycle amplification with heterogeneous expectations ⋮ Diverse beliefs and time variability of risk premia







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