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Aktienmarkt 1 Business cycle 1 Börsenkurs 1 Konjunktur 1 Share price 1 Stock market 1 Welt 1 World 1
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English 1
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De Grauwe, Paul 1 Gerba, Eddie 1
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Banco de Espana Working Paper, Forthcoming 1
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Stock Market Cycles and Supply Side Dynamics : Two Worlds, One Vision?
De Grauwe, Paul - 2016
This paper compares two state-of-the-art but very distinct methods used in macroeconomics: rational-expectations DSGE and bounded rationality behavioural models. Both models are extended to include financial frictions on the supply side. The result in both frameworks is that production, supply...
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