Heterogeneous Expectations in Monetary DSGE Models

By D. Massaro. 2013

137 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/6e338febe944cabdf93f1fe2a2ecf7789694de05

Citations in the corpus

• Behavioral & Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach (2018, unknown): “Massaro (2013) uses an infinite horizon optimization framework and derives aggregate IS and NKPC under heterogeneous expectations, with the homogeneous rational agent benchmark nested as a a special case.”
• More is different ... and complex! the case for agent-based macroeconomics (2019, unknown): “…on the Brock and Hommes (1997), in an increasing number of DSGE models (see e.g. Branch and McGough, 2011; De Grauwe, 2012; Anufriev et al., 2013; Massaro, 2013), agents can form their expectations using an ecology of different learning rules (usually fundamentalist vs. extrapolative rules).”