Home biased expectations and macroeconomic imbalances in a monetary union

DOI10.1016/J.JEDC.2019.04.004zbMath1418.91342OpenAlexW2624852005WikidataQ127953004 ScholiaQ127953004MaRDI QIDQ2002641

Gavin Goy, Dennis Bonam

Publication date: 12 July 2019

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

Full work available at URL: https://www.dnb.nl/en/binaries/Working%20Paper%20No.%20556_tcm47-359710.pdf

zbMATH Keywords

monetary unionE-stabilityhome biased expectationsmacroeconomic imbalances

Mathematics Subject Classification ID

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

Related Items (1)

The behavioral economics of currency unions: economic integration and monetary policy

Cites Work

• Heterogeneous expectations in monetary DSGE models
• Monetary policy and heterogeneous expectations
• The heterogeneous expectations hypothesis: Some evidence from the lab
• Heterogeneity and misspecifications in learning
• Learning from experience in the stock market
• A simple recursive forecasting model
• A New Keynesian model with heterogeneous expectations
• Heterogeneity and learning with complete markets
• Intrinsic heterogeneity in expectation formation
• Macroeconomic Expectations of Households and Professional Forecasters
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• A Sparsity-Based Model of Bounded Rationality *

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