Macroeconomic Analysis Without the Rational Expectations Hypothesis

By Michael Woodford. 2013

235 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fbae08ac5cf3863e87b3b1394e45dce46fac997d

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In Economics and Econometrics

Citations in the corpus

Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise (2017, unknown): “(Woodford 2013, 304) Yet Woodford and other macroeconomists have increasingly questioned the credibility of the assumption and have entertained alternatives to it.”
Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination (2016, unknown): “See also the review in Woodford (2013).”
More is different ... and complex! the case for agent-based macroeconomics (2019, background): “Other recent contributions have relaxed the rational expectations assumption preserving maximization (Woodford, 2013).”
Economic Forecasting with an Agent-Based Model (2020, background): “…to review the entire literature here, but select articles that survey this large literature include Evans and Honkapohja (2001, 2009), ilani (2012), Woodford (2013), Eusepi and Preston (2018), Berardi and Galimberti (2017), Coibion et al. (2018), Manski (2018), and Evans and McGough 2005).”
The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “Following Woodford (1998, 2001), assume the government issues one period debt, Bst , in zero supply, and long-dated debt, Bmt , in positive supply with coupon payments T (t+1) for T > t and 0 1 and price Pmt .”
Do people understand monetary policy (2014, unknown): “For example, Woodford (2013) studies models with possibly heterogeneous expectations in which agents' understanding of fiscal and monetary policies matters.”
Personal Experiences and Expectations about Aggregate Outcomes (2019, unknown): “9 Woodford (2013) provides an overview of the implications for macro models when deviating from the assumption of rational expectations, and notes that “behavior . . . will depend (except in the most trivial cases) on expectations.””
Bayesian networks and boundedly rational expectations (2016, background): “…works on models of boundedly rational expectations Non-rational expectations have been explored from many different points of view (e.g., see Evans and Honkapohja (2001) and Woodford (2013) for macroeconomic models; the notion of "restricted perceptions equilibrium" is particularly relevant).”