Flaschel, Peter; Hartmann, Florian; Malikane, Christopher; … - In: Computational Economics 45 (2015) 4, pp. 669-691
The paper investigates the emergence of complex market expectations (opinion dynamics) around nominal exchange rate adjustments using a macro-financial model of a small open economy featuring heterogeneous expectation formation (chartists and fundamentalists) and gradual adjustment processes in...
