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Time–varying rational expectations models

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0 Published in 2019 at "Journal of Economic Dynamics and Control"

DOI: 10.1016/j.jedc.2019.103731

Abstract: This paper develops a comprehensive theory for rational expectations models with time–varying (random) coefficients. Based on the Multiplicative Ergodic Theorem it develops a “linear algebra” in terms of Lyapunov exponents, defined as the asymptotic growth… read more here.

Keywords: time; models time; expectations models; time varying ... See more keywords

Ex-post core, fine core and rational expectations equilibrium allocations

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0 Published in 2017 at "Journal of Mathematical Economics"

DOI: 10.1016/j.jmateco.2017.12.001

Abstract: This paper investigates the ex-post core and its relationships to the fine core and the set of rational expectations equilibrium allocations in an oligopolistic economy with asymmetric information, in which the set of agents consists… read more here.

Keywords: equilibrium allocations; post core; rational expectations; expectations equilibrium ... See more keywords

Examining Income Expectations in the College and Early Post-College Periods: New Distributional Tests of Rational Expectations

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0 Published in 2024 at "Journal of the European Economic Association"

DOI: 10.1093/jeea/jvae036

Abstract: Using unique longitudinal probabilistic expectations data from the Berea Panel Study, which cover both college and early post-college periods, we examine young adults’ beliefs about their future incomes. We introduce two new approaches to testing… read more here.

Keywords: college; early post; post college; college early ... See more keywords

FBSDEs Approach for Solving Discrete-Time Rational Expectations Model With State Delays

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0 Published in 2024 at "IEEE Transactions on Automatic Control"

DOI: 10.1109/tac.2023.3328513

Abstract: In this article, we consider the discrete-time rational expectations model with state delays. In particular, the dynamic equation relies both on the history of states and the conditional expectation of the future states. The novelty… read more here.

Keywords: time rational; discrete time; model state; expectations model ... See more keywords

Behavioral Macroeconomics—A Basis for Developing Sustainable Economic Policies

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0 Published in 2025 at "Sustainability"

DOI: 10.3390/su17041552

Abstract: This paper contributes to the literature by demonstrating that behavioral macroeconomic models better explain macroeconomic volatility in emerging economies compared to traditional rational expectations frameworks. We explore behavioral macroeconomics as a foundation for sustainable economic… read more here.

Keywords: macroeconomics; sustainable economic; behavioral macroeconomics; rational expectations ... See more keywords