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Experimental Evidence for Heterogeneous Expectations in a Simple New Keynesian Framework
Atticus David Holm Graven
Jan 01, 0001
This paper is a two-dimensional analysis of agent behavior in a standard New Keynesian (NK) Macroeconomic model. On the dimension of pure mathematics, we analyze the parameters of the NK model and of possible prediction rules....
naive expectations
Rational Expectations Hypothesis
agents
perceived laws of motion
future inflation rate
future output gap
New Keynesian model
Feedback
Matlab
learning rule
game
PREDICTIONS
Applied Mathematics
Behavioral economics
Dynamic systems
Economics
Macroeconomics
Social and Behavioral Sciences
Published by:
Ursinus College