Heterogeneity and learning with complete markets

DOI10.1007/S00199-016-0980-5zbMath1405.91477OpenAlexW3122543872MaRDI QIDQ2363429

Sergio Santoro

Publication date: 19 July 2017

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

Full work available at URL: https://doi.org/10.1007/s00199-016-0980-5

zbMATH Keywords

learningheterogeneous beliefsborrowing limitsArrow securities

Mathematics Subject Classification ID

General equilibrium theory (91B50) Heterogeneous agent models (91B69)

Related Items (1)

Home biased expectations and macroeconomic imbalances in a monetary union

Cites Work

• Monetary policy and heterogeneous expectations
• Business cycle amplification with heterogeneous expectations
• Diverse beliefs and time variability of risk premia
• Internal rationality, imperfect market knowledge and asset prices
• Stable sunspot solutions in models with predetermined variables
• Monetary policy, indeterminacy and learning
• Sticky information and model uncertainty in survey data on inflation expectations
• Heterogeneity and misspecifications in learning
• More hedging instruments may destabilize markets
• Optimal fiscal policy under learning
• Learning in a credit economy
• Expectations and the Stability Problem for Optimal Monetary Policies
• On the Convergence to Homogeneous Expectations when Markets are Complete
• EDGEWORTH EXPANSIONS FOR SPECTRAL DENSITY ESTIMATES AND STUDENTIZED SAMPLE MEAN
• A Welfare Criterion For Models With Distorted Beliefs*
• Measuring Expectations

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