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Year of publication
Subject
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Sunspots 698 Theorie 541 Theory 541 USA 201 United States 201 Business cycle theory 95 Konjunkturtheorie 95 Rational expectations 88 Rationale Erwartung 88 Equilibrium theory 86 Gleichgewichtstheorie 86 Geldpolitik 73 Monetary policy 73 Business cycle 72 Konjunktur 72 Erwartungsbildung 71 Expectation formation 71 Real business cycle model 61 Real-Business-Cycle-Theorie 61 Overlapping Generations 53 Overlapping generations 53 Equilibrium model 46 Gleichgewichtsmodell 46 Neoclassical synthesis 46 Neoklassische Synthese 46 Dynamic equilibrium 45 Dynamisches Gleichgewicht 45 Allgemeines Gleichgewicht 44 General equilibrium 44 Learning process 36 Lernprozess 36 Schock 36 Shock 36 Indeterminacy 33 Returns to scale 31 Skalenertrag 31 Externalities 30 Mehrsektoren-Modell 30 Multisectoral model 30 Financial market 29
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Online availability
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Free 207 Undetermined 125
Type of publication
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Book / Working Paper 361 Article 337
Type of publication (narrower categories)
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Article in journal 307 Aufsatz in Zeitschrift 307 Arbeitspapier 247 Working Paper 247 Graue Literatur 243 Non-commercial literature 243 Aufsatz im Buch 30 Book section 30 Hochschulschrift 17 Thesis 15 Collection of articles written by one author 13 Sammlung 13 Conference paper 6 Konferenzbeitrag 6 Collection of articles of several authors 2 Commentary 2 Festschrift 2 Kommentar 2 Konferenzschrift 2 Nachschlagewerk 2 Reference book 2 Reprint 2 Sammelwerk 2 Systematic review 2 Übersichtsarbeit 2 Adressbuch 1 Amtsdruckschrift 1 Aufsatzsammlung 1 Bibliografie enthalten 1 Bibliography included 1 Case study 1 Conference proceedings 1 Directory 1 Fallstudie 1 Government document 1
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Language
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English 686 German 7 French 2 Portuguese 2 Polish 1
Author
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Weder, Mark 37 Farmer, Roger E. A. 28 Harrison, Sharon G. 27 Benhabib, Jess 22 Guo, Jang-ting 19 Evans, George W. 18 Venditti, Alain 17 Wang, Pengfei 16 Wen, Yi 16 De Grauwe, Paul 15 Nishimura, Kazuo 15 Bacchetta, Philippe 13 Keister, Todd 12 McGough, Bruce 12 Carlstrom, Charles T. 11 Fuerst, Timothy S. 11 Pintus, Patrick A. 11 Tille, Cédric 11 Grandmont, Jean-Michel 10 Kajii, Atsushi 10 Van Wincoop, Eric 10 Dufourt, Frédéric 9 Dávila, Julio 9 Heinemann, Frank 9 Shell, Karl 9 Honkapohja, Seppo 8 Lansing, Kevin J. 8 Busato, Francesco 7 Ennis, Huberto M. 7 Marchetti, Enrico 7 Meng, Qinglai 7 Chattopadhyay, Subir Kumar 6 Christiano, Lawrence J. 6 Enders, Zeno 6 Fehr, Dietmar 6 Gaballo, Gaetano 6 Hirose, Yasuo 6 Kleemann, Michael 6 Llorente-Saguer, Aniol 6 Lloyd-Braga, Teresa 6
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Institution
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National Bureau of Economic Research 13 Federal Reserve Bank of Cleveland 5 Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse 5 Barnard College / Economics Department 4 Federal Reserve Bank of Richmond 2 Aarhus Universitet / Afdeling for Nationaløkonomi 1 Brown University / Department of Economics 1 Federal Reserve Bank of St. Louis 1 Federal Reserve System / Board of Governors 1 International Conference on Instability and Public Policies in a Globalized World: Conference in Honor of Jean-Michel Grandmont <2013, Marseille> 1 International Symposium in Economic Theory and Econometrics <4, 1987, Austin, Tex.> 1 Johns Hopkins University / Department of Economics 1 Springer International Publishing 1 State University of New York at Albany / Department of Economics 1 The Wharton Financial Institutions Center 1 Unité Mixte de Recherche Théorie Economique, Modélisation et Applications 1 Universität Mannheim / Institut für Volkswirtschaft und Statistik 1
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Published in...
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Journal of economic theory 39 Journal of economic dynamics & control 29 Macroeconomic dynamics 28 Discussion paper / Centre for Economic Policy Research 22 Working paper / National Bureau of Economic Research, Inc. 21 Economic theory : official journal of the Society for the Advancement of Economic Theory 16 Economics letters 13 Journal of macroeconomics 13 NBER Working Paper 13 NBER working paper series 13 CESifo working papers 10 Journal of monetary economics 10 Working paper 10 CARESS working paper 9 International journal of economic theory 8 Economic modelling 7 Journal of mathematical economics 7 CORE discussion paper : DP 6 Economics working paper 6 Finance and economics discussion series 6 Journal of money, credit and banking : JMCB 6 Review of economic dynamics 6 School of Economics working papers / The University of Adelaide, School of Economics 6 Working paper series / Barnard College, Economics Department 6 Discussion papers of interdisciplinary research project 373 5 European economic review : EER 5 Federal Reserve Bank of Cleveland working paper series 5 Research in economics : an international review of economics 5 The American economic review 5 Contributions to macroeconomics 4 Discussion paper series / Research Institute for Economics and Business Administration, Kobe University 4 Econometrica : journal of the Econometric Society, an internat. society for the advancement of economic theory in its relation to statistics and mathematics 4 Economic research reports 4 Essays in dynamic general equilibrium theory ; Festschrift for David Cass ; with 3 tables 4 International finance discussion papers 4 Journal of evolutionary economics : JEE 4 The review of economic studies 4 CAE working paper 3 Discussion paper series / A / Institute of Economic Research 3 International economic journal 3
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Source
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ECONIS (ZBW) 698
Showing 1 - 50 of 698
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Statistical sunspots
Branch, William A.; McGough, Bruce; Zhu, Mei - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 291-329
This paper shows that belief‐driven economic fluctuations are a general feature of many determinate macroeconomic models. In environments with hidden state variables, forecast‐model misspecification can break the link between indeterminacy and sunspots by establishing the existence of...
Persistent link: https://ebtypo.dmz1.zbw/10012806933
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Chaos, Sunspots, and Automatic Stabilizers
Christiano, Lawrence J.; Harrison, Sharon G. - 2021
We study a one-sector growth model which is standard except for the presence of an externality in the production function. The set of competitive equilibria is large. It includes constant equilibria, sunspot equilibria, cyclical and chaotic equilibria, and equilibria with deterministic or...
Persistent link: https://ebtypo.dmz1.zbw/10013217601
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International confidence spillovers and business cycles in small open economies
Brzoza-Brzezina, Michał; Kotłowski, Jacek - In: Empirical economics : a quarterly journal of the … 61 (2021) 2, pp. 773-798
Persistent link: https://ebtypo.dmz1.zbw/10012616894
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Smells like animal spirits : the effect of corporate sentiment on investment
La Cava, Gianni - 2021
Persistent link: https://ebtypo.dmz1.zbw/10013263236
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Sunspots and Animal Spirits : The Origin of Keynes's Cycle Theory
Newman, Jonathan - 2021
William Stanley Jevons’s “Sunspot Theory” of business cycles related the number of spots on the sun to economic activity, primarily through the weather and agriculture, but also through psychological components like optimism and uncertainty. The theory is widely discredited, but John...
Persistent link: https://ebtypo.dmz1.zbw/10013237851
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Monetary Policy and Fears of Financial Instability
Brousseau, Vincent; Detken, Carsten - 2021
Exploiting a specific sunspot equilibrium in a standard forward-looking New Keynsian model, we present an example of a possible conflict between short-term price stability and financial stability. We find a conflict because the sunspot process consists of a self-fulfilling belief linking the...
Persistent link: https://ebtypo.dmz1.zbw/10013320710
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Stable Sunspot Equilibria in a Cash-in-Advance Economy
Evans, George W.; Honkapohja, Seppo; Marimon, Ramon - 2021
We develop a monetary model with flexible supply of labor, cash in advance constraints and government spending financed by seignorage. This model has two regimes. One regime is conventional with two steady states. The other regime has a unique steady state which can be determinate or...
Persistent link: https://ebtypo.dmz1.zbw/10013320716
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Indeterminacy and Search Theory
Giammarioli, Nicola - 2021
This paper investigates a dynamic general equilibrium model with search. In particular, search externalities are reflected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is capable to generate business fluctuations, driven by...
Persistent link: https://ebtypo.dmz1.zbw/10013319710
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Indeterminacy and Imperfect information
Lubik, Thomas; Matthes, Christian; Mertens, Elmar - 2021
We study equilibrium determination in an environment where two kinds of agents have different information sets: The fully informed agents know the structure of the model and observe histories of all exogenous and endogenous variables. The less informed agents observe only a strict subset of the...
Persistent link: https://ebtypo.dmz1.zbw/10013315326
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Growth Expectations, Undue Optimism, and Short-Run Fluctuations
Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2021
We assess whether "undue optimism" (Pigou) contributes to business cycle fluctuations. In our analysis, optimism (or pessimism) pertains to total factor productivity which determines economic activity in the long run. Optimism shocks are perceived changes in productivity which do not actually...
Persistent link: https://ebtypo.dmz1.zbw/10013315454
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Monetary policy, self-fulfilling expectations and the U.S. business cycle
Nicolò, Giovanni - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012388613
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The role of nonlinearity in indeterminate models : an application to expectations-driven liquidity traps
Tamanyu, Yoichiro - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012589350
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Monetary policy and sentiment-driven fluctuations
Chan, Jenny - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012501082
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Coordination problems triggered by sunspots in the laboratory
Siebert, Jan; Yang, Guanzhong - 2020
A sunspot variable is any random variable that is not related to fundamental factors of the economy but a potential coordination device. The coordination power of sunspots has been analysed in theory and in experiments. However, some have discussed whether sunspots, e.g., public announcements...
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Persistent link: https://ebtypo.dmz1.zbw/10012233925
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Equilibrium indeterminacy and extreme outcomes : a fat sunspot ta(i)l(e)
Dave, Chetan; Sorge, Marco M. - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012248976
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International information flows, sentiments and cross-country business cycle fluctuations
Brzoza-Brzezina, Michał; Kotłowski, Jacek; … - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012250331
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International confidence spillovers and business cycles in small open economies
Brzoza-Brzezina, Michał; Kotłowski, Jacek - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012250736
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Heterogeneous expectations, indeterminacy, and postwar US business cycles
Ilabaca, Francisco; Milani, Fabio - 2020
This paper estimates a New Keynesian model extended to include heterogeneous expectations, to revisit the evidence that postwar US macroeconomic data can be explained as the outcome of passive monetary policy, indeterminacy, and sunspot-driven fluctuations in the pre-1979 sample, with a switch...
Persistent link: https://ebtypo.dmz1.zbw/10012200338
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Hot money for a cold economy
Andolfatto, David - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012306885
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A sunspot-based theory of unconventional monetary policy
Farmer, Roger E. A.; Zabczyk, Pawel - In: Macroeconomic dynamics 26 (2022) 1, pp. 186-217
Persistent link: https://ebtypo.dmz1.zbw/10013166212
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Public spending, monetary policy and macroeconomic instability
Fu, Zhiming; Le Riche, Antoine - In: Journal of public economic theory 24 (2022) 3, pp. 580-608
Persistent link: https://ebtypo.dmz1.zbw/10013183774
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Sovereign debt crises and cross-country assistance
Grisse, Christian; Natvik, Gisle James - In: Oxford economic papers 74 (2022) 1, pp. 178-193
Persistent link: https://ebtypo.dmz1.zbw/10012799209
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Macroeconomic stability under balanced-budget rules and no-income-effect preferences
Guo, Jang-ting; Zhang, Yan - In: Pacific economic review 27 (2022) 1, pp. 3-17
Persistent link: https://ebtypo.dmz1.zbw/10012814169
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Self-fulfilling debt crises, revisited
Aguiar, Mark; Chatterjee, Satyajit; Cole, Harold L.; … - In: Journal of political economy 130 (2022) 5, pp. 1147-1183
Persistent link: https://ebtypo.dmz1.zbw/10013253108
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Balanced-budget rules : local indeterminacy and bifurcations
Stockman, David R. - In: International journal of economic theory 18 (2022) 2, pp. 109-136
Persistent link: https://ebtypo.dmz1.zbw/10013274226
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The Indeterminacy School in Macroeconomics
Farmer, Roger E.A. - 2019
The Indeterminacy School in Macroeconomics exploits the fact that macroeconomic models often display multiple equilibria to understand real-world phenomena. There are two distinct phases in the evolution of its history. The first phase began as a research agenda at the University of Pennsylvania...
Persistent link: https://ebtypo.dmz1.zbw/10012479828
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Believe It or Not : Experimental Evidence on Sunspot Equilibria with Social Networks
Battiston, Pietro - 2019
Models with sunspot equilibria have long been a topic of interest among economists. It then becomes an interesting question to ask whether there is empirical support for their existence. One approach to answering this question is through lab experiments. Such equilibria have been successfully...
Persistent link: https://ebtypo.dmz1.zbw/10012859124
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Believe it or Not : Experimental Evidence on Sunspot Equilibria with Social Networks
Battiston, Pietro - 2019
Models with sunspot equilibria have long been a topic of interest among economists. It then becomes an interesting question to ask whether there is empirical support for their existence. One approach to answer this question is through lab experiments. Such equilibria have been successfully...
Persistent link: https://ebtypo.dmz1.zbw/10012859170
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Indeterminacy and Imperfect Information
Lubik, Thomas - 2019
We study equilibrium determination in an environment where two kinds of agents have different information sets: The fully informed agents know the structure of the model and observe histories of all exogenous and endogenous variables. The less informed agents observe only a strict subset of the...
Persistent link: https://ebtypo.dmz1.zbw/10012860800
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The Indeterminacy School in Macroeconomics
Farmer, Roger E. A. - 2019
The Indeterminacy School in Macroeconomics exploits the fact that macroeconomic models often display multiple equilibria to understand real-world phenomena. There are two distinct phases in the evolution of its history. The first phase began as a research agenda at the University of Pennsylvania...
Persistent link: https://ebtypo.dmz1.zbw/10012869650
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Monetary policy switching and indeterminacy
Barthélémy, Jean; Marx, Magali - In: Quantitative economics : QE ; journal of the … 10 (2019) 1, pp. 353-385
This paper determines conditions for the existence of a unique rational expectations equilibrium-determinacy-in a monetary policy switching economy. We depart from the existing literature by providing such conditions considering all bounded equilibria. We then apply these conditions to a new...
Persistent link: https://ebtypo.dmz1.zbw/10011994871
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Optimal inflation target with expectations-driven liquidity traps
Coyle, Philip; Nakata, Taisuke - 2019 - This draft: April 2019
In expectations-driven liquidity traps, a higher inflation target is associated with lower inflation and consumption. As a result, introducing the possibility of expectations-driven liquidity traps to an otherwise standard model lowers the optimal inflation target. Using a calibrated New...
Persistent link: https://ebtypo.dmz1.zbw/10012181161
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Expectations-driven liquidity traps : implications for monetary and fiscal policy
Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: June 2019
We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence give rise to persistent liquidity trap episodes. There is no straightforward recipe for enhancing welfare in this economy. Raising the inflation target or appointing an...
Persistent link: https://ebtypo.dmz1.zbw/10012181947
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Indeterminacy with preferences featuring multiplicative habits in consumption
Vasilev, Aleksandar - 2019
We introduce consumption habits into an exogenous growth model augmented with a detailed government sector, and calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2016). We show that in contrast to the case without habits,...
Persistent link: https://ebtypo.dmz1.zbw/10012137980
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Growth expectations, undue optimism, and short-run fluctuations
Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - In: The review of economics and statistics 103 (2021) 5, pp. 905-921
Persistent link: https://ebtypo.dmz1.zbw/10013163364
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Coordination problems triggered by sunspots in the laboratory
Siebert, Jan; Yang, Guanzhong - In: Journal of behavioral and experimental economics 94 (2021), pp. 1-7
Persistent link: https://ebtypo.dmz1.zbw/10013176808
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Equilibrium indeterminacy and sunspot tales
Dave, Chetan; Sorge, Marco M. - In: European economic review : EER 140 (2021), pp. 1-17
Persistent link: https://ebtypo.dmz1.zbw/10012816176
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Disagreement on sunspots and soybeans futures price
Wang, Hanjie; Feil, Jan-Henning; Yu, Xiaohua - In: Economic modelling 95 (2021), pp. 385-393
Persistent link: https://ebtypo.dmz1.zbw/10012696011
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Heterogeneous expectations, indeterminacy, and postwar US business cycles
Ilabaca, Francisco; Milani, Fabio - In: Journal of macroeconomics 68 (2021), pp. 1-16
Persistent link: https://ebtypo.dmz1.zbw/10012630988
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Sunspot equilibrium in positive recursive general quitting games
Solan, Eilon; Solan, Omri N. - In: International journal of game theory 50 (2021) 4, pp. 891-909
Persistent link: https://ebtypo.dmz1.zbw/10012665447
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Macroeconomic fluctuations with HANK & SAM : an analytical approach
Ravn, Morten O.; Sterk, Vincent - In: Journal of the European Economic Association : JEEA 19 (2021) 2, pp. 1162-1202
Persistent link: https://ebtypo.dmz1.zbw/10012594396
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What to expect when everyone is expecting : self-fulfilling expectations and asset-pricing puzzles
Garleanu, Nicolae; Panageas, Stauros - In: Journal of financial economics 140 (2021) 1, pp. 54-73
Persistent link: https://ebtypo.dmz1.zbw/10013188569
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Endogenous business cycles with financial frictions
Dai, Wei; Zhang, Bo - In: Applied economics 53 (2021) 19, pp. 2159-2169
Persistent link: https://ebtypo.dmz1.zbw/10012500986
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Monetary paradoxes of Baby-sitting Cooperatives
Zaman, Asad - In: The Pakistan development review : PDR 60 (2021) 1, pp. 1-16
Persistent link: https://ebtypo.dmz1.zbw/10013171857
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Aggregation in economies with search frictions
Kokonas, Nikolaos; Monteiro, Paulo Santos - In: Journal of mathematical economics 96 (2021), pp. 1-11
Persistent link: https://ebtypo.dmz1.zbw/10013273531
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Sunspot bank runs and fragility : the role of financial sector competition
Reed, Robert R. - In: European economic review : EER 139 (2021), pp. 1-37
Persistent link: https://ebtypo.dmz1.zbw/10013270135
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Real business cycles, animal spirits, and stock market valuation
Lansing, Kevin J. - 2018
Persistent link: https://ebtypo.dmz1.zbw/10011898964
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Growth Expectations, Undue Optimism, and Short-Run Fluctuations
Enders, Zeno - 2018
We assess whether “undue optimism” (Pigou) contributes to business cycle fluctuations. In our analysis, optimism (or pessimism) pertains to total factor productivity, which determines economic activity in the long run. Optimism shocks are perceived changes in productivity that do not...
Persistent link: https://ebtypo.dmz1.zbw/10012938129
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International confidence spillovers and business cycles in small open economies
Brzoza-Brzezina, Michał; Kotłowski, Jacek - 2018
Persistent link: https://ebtypo.dmz1.zbw/10011866593
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Animal spirits and fiscal policy
De Grauwe, Paul; Foresti, Pasquale - 2018
Persistent link: https://ebtypo.dmz1.zbw/10012110057
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