Higher Order Expectations in Asset Pricing

111 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

A Theory of Demand Shocks (2009, background): “yt = at + λ ¡ E t [at]− at ¢− ¡pt −EP t [pt]¢ (6) pt −EP t [pt] = λ+ η 1 + ησ ¡ E t [at]− at ¢ (7)”
A Scapegoat Model of Exchange Rate Fluctuations (2004, background): “(2002) nd that some models, with certain macro variables, do well in some periods but not in others.”
Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information (2009, methodology): “To find an equilibrium, I substitute (1) and (2) in the optimality conditions (8) and (9), and obtain a system of equations in φ and ψ.”
Beauty Contests and Iterated Expectations in Asset Markets (2006, background): “Expressions such as ( 9 ) should encourage us that we have an approach that”