Sentiments
This paper develops a new theory of fluctuations—one that helps accommodate the notions of “animal spirits” and “market sentiment” in unique-equilibrium, rational-expectations, macroeconomic models. To this goal, we limit the communication that is embedded in a neoclassical economy by allowing tradi...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Econometric Society
2013
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| Online Access: | http://hdl.handle.net/1721.1/82607 https://orcid.org/0000-0002-9269-5094 |