Real business cycles, animal spirits, and stock market valuation

DOI10.1111/IJET.12204zbMath1422.91501OpenAlexW2884896813MaRDI QIDQ5225003

Kevin J. Lansing

Publication date: 25 July 2019

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

Full work available at URL: https://www.frbsf.org/economic-research/files/wp2018-08.pdf

zbMATH Keywords

bubbleexcess volatilitysentimentanimal spiritbelief-driven business cycle

Mathematics Subject Classification ID

Economic growth models (91B62) Actuarial science and mathematical finance (91G99)

Related Items (1)

Hysteresis in unemployment: A confidence channel

Cites Work

• Capacity utilization under increasing returns to scale
• Indeterminacy and increasing returns
• Real business cycles and the animal spirits hypothesis
• Sentiment and the U.S. business cycle
• Sources of macroeconomic fluctuations: A regime-switching DSGE approach
• An Adjustment Cost Model of Asset Pricing
• The Present-Value Relation: Tests Based on Implied Variance Bounds
• Stochastic Depreciation and the Business Cycle
• Sentiments and Aggregate Demand Fluctuations
• Quantifying Confidence
• Business Cycle Accounting
• LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL

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