Adaptive learning and distributional dynamics in an incomplete markets model

DOI10.1016/j.jedc.2014.01.007zbMath1402.91360OpenAlexW1972051433MaRDI QIDQ1994406

Andrea Giusto

Publication date: 1 November 2018

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2014.01.007

zbMATH Keywords

adaptive learningincomplete marketswealth and income distribution

Mathematics Subject Classification ID

Economic growth models (91B62) Economic dynamics (91B55) Dynamic stochastic general equilibrium theory (91B51)

Cites Work

• Business cycle amplification with heterogeneous expectations
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• Solving heterogeneous-agent models with parameterized cross-sectional distributions
• Monetary policy, indeterminacy and learning
• When can changes in expectations cause business cycle fluctuations in neo-classical settings?
• Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm and non-stochastic simulations
• Solving the incomplete markets model with aggregate uncertainty using the Krusell-Smith algorithm
• Solving the incomplete market model with aggregate uncertainty using a perturbation method
• Solving the incomplete markets model with aggregate uncertainty using explicit aggregation
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• On the structure and diversity of rational beliefs
• Least squares learning with heterogeneous expectations
• Solving heterogeneous-agent models by projection and perturbation
• Intrinsic heterogeneity in expectation formation
• LEARNING AND EXCESS VOLATILITY
• A Rational Route to Randomness
• Expectations and the Stability Problem for Optimal Monetary Policies

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