Unemployment Expectations and the Business Cycle
نویسندگان
چکیده
منابع مشابه
Information, Expectations, and the Business Cycle
I investigate the ability of a noisy rational expectations model to generate plausible macroeconomic dynamics. The model allows for imperfect, heterogeneous information, and signal extraction from endogenous variables. Aggregate shocks are not directly observable. Instead, private agents and the central bank form inferences about aggregate shocks based on their observations of endogenous variab...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2012
ISSN: 1935-1690
DOI: 10.1515/1935-1690.2276