Acknowledging Misspecification in Macroeconomic Theory

By Lars Peter Hansen, Thomas J. Sargent. 2001

208 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d9c4c05ffb73d5a38ac56bf7efa1c8bb8033241b

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In Economics and Econometrics

Citations in the corpus

Risk, Uncertainty, and Option Exercise (2011, background): “6 See, for example, Anderson et al. (2003) and Hansen and Sargent (2001).”
THE AMBIGUITY AVERSION LITERATURE: A CRITICAL ASSESSMENT (2009, background): “For an exposition of this point of view, see Hansen and Sargent (2001a).32,33 It is less clear whether the ambiguity aversion models are intended as rational or descriptive models.”
Recursive multiple-priors (2003, background): “Model (1.1) is essentially that adopted in [13], though without axiomatic foundations; a continuous-time counterpart is formulated in [7].2 A related nonaxiomatic model based on robust control theory has been proposed by Hansen and Sargent and several coauthors; see [1,18], for example.”
An alternative explanation of the price puzzle (2004, unknown): “The same model is used in Rudebusch and Svensson (1999), Judd and Rudebush (1998), Romer (2000), Hansen and Sargent (2000) and, extended to a small open economy, Ball (1999).”
Approximate Models and Robust Decisions (2014, methodology): “To investigate formally the stability of decisions to model misspecification, we suggest following the approach taken in Hansen and Sargent (2001b).”
The impact of risk and uncertainty on expected returns. (2009, background): “Papers by Hansen and Sargent (1995, 2001, 2003, 2005, 2007), Hansen, Sargent, and Tallarini (1999), Anderson, Hansen, and Sargent (2003), Hansen, Sargent, Turmuhambetova, and Williams (2006), Chen and Epstein (2002), Maenhout (2004, 2006), Uppal and Wang (2003), Kogan and Wang (2002), and Liu, Pan,…”