Dealing with adaptive expectations in Stock-Flow consistent models
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Post Keynesian Economics"
DOI: 10.1080/01603477.2019.1640067
Abstract: Abstract Stock-flow consistent (SFC) models, in their simulations of the macroeconomic dynamics, have not properly dealt with how households form their expectations about future income flows. Although the majority of SFC models assume some type… read more here.
Keywords: flow consistent; stock flow; dealing adaptive; adaptive expectations ... See more keywords