The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle

DOI10.1016/j.jedc.2018.02.012zbMath1401.91224OpenAlexW2791042082MaRDI QIDQ1657370

Paul De Grauwe, Eddie Gerba

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://eprints.lse.ac.uk/87942/

zbMATH Keywords

beliefsmodel validationfinancial frictionssupply-side

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

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• A New Keynesian model with heterogeneous expectations
• A Rational Route to Randomness
• Macroeconomic Expectations of Households and Professional Forecasters
• The Modeling of Expectations in Empirical DSGE Models: A Survey

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