Expectational diversity in monetary economies

DOI10.1016/S0165-1889(99)00024-XzbMath0953.91046OpenAlexW2035756039MaRDI QIDQ1978588

P. de Fontnouvelle, William A. Brock

Publication date: 4 June 2000

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

Full work available at URL: https://doi.org/10.1016/s0165-1889(99)00024-x

zbMATH Keywords

learningHopf bifurcationoverlapping generationsendogenous fluctuationsdiscrete choiceFiat money

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Social choice (91B14)

Related Items (16)

Structural stochastic volatility in asset pricing dynamics: estimation and model contest ⋮ Heterogeneous expectations in monetary DSGE models ⋮ A consistent route to randomness ⋮ Estimating the intensity of choice in a dynamic mutual fund allocation decision ⋮ Random perturbations of deterministic equilibria. ⋮ Heterogeneous expectations and equilibria selection in an evolutionary overlapping generations model ⋮ On rationally confident beliefs and rational overconfidence ⋮ Expectational diversity in monetary economies ⋮ Heterogeneous beliefs and the non-linear cobweb model ⋮ Performance of monetary policy with internal central bank forecasting ⋮ LOCAL FEEDBACK CONTROL OF THE NEIMARK–SACKER BIFURCATION ⋮ Generation of quasiperiodic oscillations in pairs of coupled maps ⋮ Intrinsic heterogeneity in expectation formation ⋮ Evolutionary dynamics in markets with many trader types ⋮ Dynamic predictor selection in a New Keynesian model with heterogeneous expectations ⋮ Heterogeneous beliefs and routes to chaos in a simple asset pricing model

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