Search Results - subject_exact:"Rational expectations"

Emergence and evolution of financial economics

Šlampiaková, Lea - 2025

This paper aims to deliver a comprehensive analysis of the theories and concepts that have formed the foundational link between two separate academic fields: finance and economics, resulting in the emergent field of financial economics. The main schools of thought can be divided, with a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418664

Equilibrium with asymmetric information and restricted participation : the no-arbitrage characterization

Boisdeffre, Lionel de - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015420532

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Equilibrium with asymmetric information and restricted participation : the no-arbitrage characterization

Boisdeffre, Lionel de - 2024

Book / Working Paper

Simulating multiple equilibria in rational expectations models with occasionally-binding constraints : an algorithm and a policy application

Hatcher, Michael - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619670

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Simulating Multiple Equilibria in Rational Expectations Models With Occasionally-Binding Constraints : An Algorithm and a Policy Application

Hatcher, Michael - 2023

Book / Working Paper

Spooky boundaries at a distance : inductive bias, dynamic models, and behavioral macro

Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078630

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Spooky boundaries at a distance : inductive bias, dynamic models, and behavioral macro

Kahou, Mahdi Ebrahimi; Fernández-Villaverde, Jesús; … - 2024

Book / Working Paper

Is less really more? : asymmetries in peer effects for binary outcomes

Lambotte, Mathieu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014578561

"De Gustibus" and disputes about reference dependence

Campos-Mercade, Pol; Götte, Lorenz; Graeber, Thomas; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014468786

Price and quantity competition in a hotelling linear market model with network connectivity

Toshimitsu, Tsuyoshi - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015144136

Do people have economic expectations?

Andre, Peter; Chopra, Felix; Michels, Luca; Wohlfart, … - 2026

Expectations are central to models of economic and financial decision-making. Yet in practice, individuals are often inattentive and, when asked, report fragile, context-dependent expectations that are only weakly linked to decisions. This raises the question to what extent they hold such...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015624815

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Do people have economic expectations?

Andre, Peter; Chopra, Felix; Michels, Luca; Wohlfart, … - 2026

Book / Working Paper

Do people have economic expectations?

Andre, Peter; Chopra, Felix; Michels, Luca; Wohlfart, … - 2026

Book / Working Paper

Do people have economic expectations?

Andre, Peter; Chopra, Felix; Michels, Luca; Wohlfart, … - 2026

Book / Working Paper

Beating the "pros" with a semi-structural model of their own inflation forecasts

Alves, Sergio Afonso Lago; Areosa, Waldyr Dutra; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625414

Welfare effect of network compatibility promotion under strategic R&D competition : the role of consumer expectations in a hotelling model

Toshimitsu, Tsuyoshi - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626426

Monetary policy without an anchor

Bocola, Luigi; Dovis, Alessandro; Jørgensen, Kasper; … - 2026

Policymakers often cite the risk that inflation expectations might "de-anchor" as a key reason for responding forcefully to inflationary shocks. We develop a model to analyze this trade-off and to quantify the benefits of stable long-run inflation expectations. In our framework, households and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627083

Imperfect information, composition of demand shocks, and the flattening of the Phillips curve

Okuda, Tatsushi; Tsuruga, Tomohiro; Zanetti, Francesco - 2026

We study why inflation responds differently to economic activity over time. Using survey data covering the universe of Japanese firms, we show that firms are unable to perfectly distinguish aggregate from sector-specific demand changes, leading to positively correlated expectations about these...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644462

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Imperfect information, composition of demand shocks, and the flattening of the phillips curve

Okuda, Tatsushi; Tsuruga, Tomohiro; Zanetti, Francesco - 2026

Book / Working Paper

Imperfect information, composition of demand shocks, and the flattening of the Phillips curve

Okuda, Tatsushi; Tsuruga, Tomohiro; Zanetti, Francesco - 2026

Book / Working Paper

Demand for dollars : evidence from survey expectations

Ballensiefen, Benedikt; Somogyi, Fabricius; Winterberg, … - 2026 - This version: 26 April 2026

We study the determinants of US dollar demand across market participants and traded instruments using survey-based exchange rate and macroeconomic expectations. Leveraging granular foreign exchange trading data, we show that forward-looking expectations accurately predict both currency returns...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635515

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Demand for dollars : evidence from survey expectations

Ballensiefen, Benedikt; Somogyi, Fabricius; Winterberg, … - 2026

Book / Working Paper

Expectations versus reality in Business formation

Dinlersoz, Emin Murat; Ma, Yueyuan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609727

The role of inflation expectations in the path to 3% : understanding expectations formation and calibrating the models

Foresto, Anis; Reid, Monique; Steinbach, Rudi; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639521

Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2026 - Last updated: April 10, 2026

Recessions are often accompanied by heightened uncertainty. We build an imperfect-information New Keynesian model in which procyclical information quality generates endogenous countercyclical uncertainty, and the nonlinear structure allows for a precautionary saving motive. We show theoretically...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651854

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Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2026

Book / Working Paper

Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2024

Book / Working Paper

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

The Lucas critique holds that policy evaluations based on historical correlations can fail because policy changes alter expectation formation. We develop a new approach to monetary policy evaluation that addresses this concern: we elicit expectations under alternative policy scenarios from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654379

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Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

Book / Working Paper

Macro theory with measured expectations

Luetticke, Ralph; Roth, Christopher; Wiederholt, Mirko; … - 2026

Book / Working Paper

Slow learning

Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653253

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Slow Learning

Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2024

Book / Working Paper

Learning about inflation and exchange rates

Beuermann, Diether W.; Bottan, Nicolas L.; Hoffmann, Bridget - 2026

We study how expert forecasts about inflation and nominal exchange rates affect households' inflation perceptions, exchange rate beliefs, and later durable-goods holdings in a small open economy. Using a randomized information experiment in Suriname, we provide households with expert forecasts...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656704

A short history in defence of adaptive learning

Eusepi, Stefano; Preston, Bruce - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014432552

Frictionless house-price momentum

Fève, Patrick; Moura, Alban - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556353

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Frictionless house-price momentum

Fève, Patrick; Moura, Alban - 2023

Book / Working Paper

Frictionless house-price momentum

Fève, Patrick; Moura, Alban - 2023

Book / Working Paper

Expectations and stock market in Nepal

Sedhain, Roshan; Shijin, S. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014433467

Rationality and biases : insights from disaggregated firm-level inflation expectations data

Reid, Monique; Siklos, Pierre L. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014333377

Organising thinking about disinflation policy

Pol, Eduardo J. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014365042

Momentum mechanisms under heterogeneous beliefs

Yan, Yu; Tong, Yan; Wang, Yiming - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359778

Higher order expectations, learning, and sentiment pricing dynamics

Li, Jinfang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359880

Long-run inflation expectations

Fisher, Jonas D. M.; Melosi, Leonardo; Rast, Sebastian - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015404394

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Long-run inflation expectations

Fisher, Jonas D. M.; Melosi, Leonardo; Rast, Sebastian - 2025

Book / Working Paper

Long-run inflation expectations

Fisher, Jonas D. M.; Melosi, Leonardo; Rast, Sebastian - 2025

Book / Working Paper

Frequency and severity of current account reversals : an analysis with a rational expectations regime switching DSGE model

Hamano, Masashige; Murakami, Yuki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015323637

Uncertainty in the formation of inflation expectations in Japan : an analysis using the macroeconomic model Q-JEM

Fukunaga, Ichiro; Kishaba, Yui; Shibata, Nao; Yoneyama, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015330643

Behavioral impulse responses

Kelly, Bryan T.; Malamud, Semyon; Siriwardane, Emil N. - 2025 - This version: November 7, 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196772

Belief distortions and disagreement about Iinflation

Pagano Giorgianni, Giuseppe; Patella, Valeria - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332461

Bond supply expectations and the term structure of interest rates

Billio, Monica; Busetto, Francesca; Dufour, Alfonso; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015184920

Change in farmer expectations from information surprises in the corn market

Fiechter, Chad; Kuethe, Todd; Langemeier, Michael R.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015166744

Informational efficiency and rational bubbles

Ardakani, Omid M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015484354

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Informational efficiency and rational bubbles

Ardakani, Omid M. - 2025

Article

Speaking of inflation : the influence of fed speeches on expectations

Granziera, Eleonora; Larsen, Vegard Høghaug; … - 2025

We examine how speeches by Federal Open Market Committee (FOMC) members, including regional Fed presidents, shape private sector expectations. Speeches that signal rising inflationary pressures prompt both households and professional forecasters to raise their inflation expectations, consistent...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427004

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Speaking of inflation : the influence of fed speeches on expectations

Granziera, Eleonora; Larsen, Vegard Høghaug; … - 2025

Book / Working Paper

Speaking of inflation : the influence of fed speeches on expectations

Granziera, Eleonora; Larsen, Vegard Høghaug; … - 2025

Book / Working Paper

Endogenous beliefs and social influence in a simple macroeconomic framework

Terranova, Roberta - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485680

From zero-intelligence to Bayesian learning : the effect of rationality on market efficiency

Giachini, Daniele; Mousavi, Shabnam; Ottaviani, Matteo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485687

Expectational equilibria and Drèze equilibria in many-to-one matching models

Herings, Peter Jean-Jacques - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457844

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Expectational equilibria and Drèze equilibria in many-to-one matching models

Herings, Peter Jean-Jacques - 2024

Book / Working Paper

Dynamic sparse adaptive learning

Audzei, Volha; Slobodyan, Sergey - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457962

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Dynamic sparse adaptive learning

Audzei, Volha; Slobodyan, Sergey - 2025

Book / Working Paper

A level-dependence approach for assessing de-anchoring of inflation expectations: evidence from Colombia

Muñoz-Martínez, Jonathan Alexander - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015461290

How do households adjust house price expectations in an era of high inflation? : experimental evidence

Mariani, Gioia M.; Porreca, Eleonora; Rondinelli, Concetta - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015461891

Overreaction in expectations under signal extraction : experimental evidence

Duffy, John; Hanaki, Nobuyuki; Yoo, Donghoon - 2025

We experimentally evaluate three behavioral models of expectation formation that predict overreaction to new information: overconfidence in private signals, misperceptions about the persistence of the data-generating process (DGP), and diagnostic expectations. In our main experiment,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463619