Search Results - subject:"representative agent model"

Analysing the behavioural finance impact of "fake news" phenomena on financial markets: A representative agent model and empirical validation

Fong, Bryan - In: Financial Innovation 7 (2021) 1, pp. 1-30

This paper proposes an original behavioural finance representative agent model, to explain how fake news' empirical …

Persistent link: https://www.econbiz.de/10012602934

Analysing the behavioural finance impact of "fake news" phenomena on financial markets : a representative agent model and empirical validation

Fong, Bryan - In: Financial innovation : FIN 7 (2021), pp. 1-30

This paper proposes an original behavioural finance representative agent model, to explain how fake news' empirical …

Persistent link: https://www.econbiz.de/10012594938

Using Grey Production Functions in the Macroeconomic Modelling: An Empirical Application for Romania

ANDREI, Ana Michaela; GEORGESCU, Irina - In: Informatica Economica 18 (2014) 4, pp. 154-164

The work is a development of our earlier studies containing empirical application of models with representative agent. The extensions developed in this paper consist of the following: the introduction of the labor market via the use of labor as the second production factor, the use of the...

Persistent link: https://www.econbiz.de/10011165684

On economic paradigms, rhetoric and the micro-foundations of macroeconomics

McCombie, John S.L.; Negru, Ioana - In: European Journal of Economics and Economic Policies: … 11 (2014) 1, pp. 53-66

macroeconomic theory, notably in terms of the representative agent model. …

Persistent link: https://www.econbiz.de/10014363196

Foundations or Bridges? A Review of J. E. King's The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics

Hoover, Kevin D. - 2013

A review of J.E. King's The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics.

Persistent link: https://www.econbiz.de/10011592211

Foundations or bridges? : a review of J.E. King's The microfoundations delusion: metaphor and dogma in the history of macroeconomics

Hoover, Kevin D. - 2013

Persistent link: https://www.econbiz.de/10011707343

Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy?

An, Sungbae; Chang, Yongsung; Kim, Sun-Bin - University of Rochester - Center for Economic Research … - 2008

unstable utility. Our analysis suggests that the representative-agent model often fails to represent an equilibrium outcome of …UNIVERSITY OF ROCHESTER Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy? An, Sungbae, Chang …, Yongsung, and Kim, Sun-Bin Working Paper No. 542 September 2008 Can a Representative-Agent Model Represent a Heterogeneous …

Persistent link: https://www.econbiz.de/10005808171

Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy?

An, Sungbae; Chang, Yongsung; Kim, Sun-Bin - East Asian Bureau of Economic Research (EABER) - 2008

Accounting for observed fluctuations in aggregate employment, consumption, and real wage using the optimality conditions of a representative household requires preferences that are incompatible with economic priors. In order to reconcile theory with data, we construct a model with heterogeneous...

Persistent link: https://www.econbiz.de/10009365323

Can a Representative Agent Model Represent a Heterogeneous Agent Economy?

An, Sungbae; Chang, Yongsung; Kim, Sun-Bin - Institute of Economic Research, Korea University - 2007

unstable utility. Our analysis suggests that the representative agent model often fails to represent an equilibrium outcome of …

Persistent link: https://www.econbiz.de/10005786098

An Exploratory Analysis of the Effect of Current Income on the Relative Change in Aggregate Consumption: A Heterogeneous Household Approach

Chakrabarty, Manisha; Schmalenbach, Anke - 2001

This paper attempts to find out the explanatory power of observed changes in the distribution of current income in explaining the relative change in aggregate consumption using the distributional approach of aggregation by Hildenbrand and Kneip (1999, 2001). The coefficients in the aggregate...

Persistent link: https://www.econbiz.de/10010317659