Behavioural Macroeconomics

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Lectures on Behavioral Macroeconomics

Lectures on Behavioral Macroeconomics
Author :
Publisher : Princeton University Press
Total Pages : 152
Release :
ISBN-10 : 9780691147390
ISBN-13 : 0691147396
Rating : 4/5 (396 Downloads)

Book Synopsis Lectures on Behavioral Macroeconomics by : Paul De Grauwe

Download or read book Lectures on Behavioral Macroeconomics written by Paul De Grauwe and published by Princeton University Press. This book was released on 2012-10-14 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: 6.2 Introducing Asset Prices in the Behavioral Model -- 6.3 Simulating the Model -- 6.4 Should the Central Bank Care about Stock Prices? -- 6.5 Inflation Targeting and Macroeconomic Stability -- 6.6 The Trade-off between Output and Inflation Variability -- 6.7 Conclusion -- 7 Extensions of the Basic Model -- 7.1 Fundamentalists Are Biased -- 7.2 Shocks and Trade-offs -- 7.3 Further Extensions of the Basic Model -- 7.4 Conclusion -- 8 Empirical Issues -- 8.1 Introduction -- 8.2 The Correlation of Output Movements and Animal Spirits -- 8.3 Model Predictions: Higher Moments -- 8.4 Transmission of Monetary Policy Shocks -- 8.5 Conclusion -- References -- Index


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