The Missing Motivation in Macroeconomics

By George A. Akerlof. 2007

515 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/66b94ca46f30e2fd969232d8d847cd486328b5a0

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In Economics and Econometrics

Citations in the corpus

The political economy debate on ‘financialization’ – a macroeconomic perspective (2009, unknown): “Rather, one may suspect that the increased desire to consume must also be linked to some fundamental changes in social norms, often neglected in standard economic models 11 (see, however, Lavoie, 1994, 2004; Akerlof, 2007).”
Macroeconomics: A Survey of Laboratory Research (2016, background): “Akerlof (2007), for instance, suggests that people's consumption decisions may simply reflect their " station in life " .”
Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles (2010, background): “…behavioral frictions (an insightful overview is in Blanchard, 2009), with just a minority holding the view that such ‘‘imperfections’’ are in fact structural, long-term characteristics of the economy (see Akerlof and Yellen, 1985; Greenwald and Stiglitz, 1993a, b; Akerlof, 2002, 2007, among them).”
More is different ... and complex! the case for agent-based macroeconomics (2019, background): “Pervasive asymmetric information require some genuine heterogeneity and interactions among agents (see Akerlof and Yellen, 1985; Akerlof, 2002, 2007; Greenwald and Stiglitz, 1993a,b, among others) yielding Keynesian properties as ubiquitous outcomes of coordination failures (for more detailed…”
Does Culture Influence Asset Managers? Views and Behavior? (2008, background): “The same kind of reasoning has been made by researchers in economics too (Akerlof, 2007) and may offer an approach towards developing behavioral economics and finance into a more general framework.”
The endowment effect and the reference state: Evidence and manipulations (2009, methodology): “The dominant role of the reference state, and relegation of the influence of ownership, was also demonstrated in an experiment in which participants were asked to donate to a charity either before or after they had completed a task for which they were to receive payment (as reported in Akerlof, 200”