Search Results - subject:"Expectational coordination"

On the Nature and Stability of Sentiments

Chahrour, Ryan; Gaballo, Gaetano - Department of Economics, Boston College - 2015

We show that non-trivial aggregate fluctuations may originate with vanishingly- small common shocks to either information or fundamentals. These "sentiment" fluctuations can be driven by self-fulfilling variation in either first-order beliefs (as in Benhabib et al., 2015) or higher-order beliefs...

Persistent link: https://www.econbiz.de/10011183464

Eductive Stability in Real Business Cycle Models

Evans, George W.; Guesnerie, Roger; McGough, Bruce - Centre for Dynamic Macroeconomic Analysis, University … - 2014

Within the standard RBC model, we examine issues of expectational coordination on the unique rational expectations …

Persistent link: https://www.econbiz.de/10011141000

On the nature and stability of sentiments

Chahrour, Ryan; Gaballo, Gaetano - 2014

Persistent link: https://www.econbiz.de/10011293844

Expectational coordination failures and Market outcomes' volatility

Guesnerie, Roger - HAL - 2011

The first part of this text reviews the standard economic viewpoint on expectational coordination, a viewpoint that the …

Persistent link: https://www.econbiz.de/10010738768

Expectational coordination in simple economic contexts: concepts and analysis with emphasis on strategic substitutabilities.

Guesnerie, Roger; Jara-Moroni, Pedro - HAL - 2009

different criteria under scrutiny can be adapted to the analysis of expectational coordination. They leads to the same stabilty … analysis of local expectational coordination is concerned, it is argued and shown that the stochastic character of expectations … conclusions, particularly when the equilibrium is unique. With strategic susbstitutabilities, the success of expectational …

Persistent link: https://www.econbiz.de/10010739080

Macroeconomic and monetary policies from the "eductive" viewpoint

Guesnerie, Roger - HAL - 2008

to the study of expectational coordination in economic models. From the review of expectational criteria in a class of …

Persistent link: https://www.econbiz.de/10010739013

Rationalizability in games with a continuum of players

Jara-Moroni, Pedro - HAL - 2008

The concept of Rationalizability has been used in the last fifteen years to study stability of equilibria on models with continuum of players such as standard competitive markets, macroeconomic dynamics and currency attacks. However, Rationalizability has been formally defined in a general...

Persistent link: https://www.econbiz.de/10010739044

Expectational coordination in a class of economic models: Strategic substitutabilities versus strategic complementarities

Guesnerie, Roger; Jara-Moroni, Pedro - HAL - 2007

in general contexts of expectational coordination (see Evans and Guesnerie, 2005). Then, as in the case of strategic …

Persistent link: https://www.econbiz.de/10010738797

Strategic Substitutabilities Versus Strategic Complementarities : Towards a General Theory of Expectational Coordination ?

Guesnerie, Roger - In: Revue d'économie politique 115 (2005) 4, pp. 393-412

This paper contrasts the views of expectational coordination in a stylised economic model under two polar assumptions …. Furthermore if, in the first case, incomplete information often improves ?expectational coordination?, it may have the converse …

Persistent link: https://www.econbiz.de/10008680131