Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
create a website

Internal rationality, imperfect market knowledge and asset prices. (2011). Marcet, Albert ; Adam, Klaus.
In: LSE Research Online Documents on Economics.
RePEc:ehl:lserod:121722.

Full description at Econpapers || Download paper

Cited: 2

Citations received by this document

Cites: 33

References cited by this document

Cocites: 37

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The role of emission disclosure for the low-carbon transition. (2024). Kolb, Benedikt ; Frankovic, Ivan.
    In: European Economic Review.
    RePEc:eee:eecrev:v:167:y:2024:i:c:s0014292124001211.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. [1] K. Adam. Learning and equilibrium selection in a monetary overlapping generations model with sticky prices. Review of Economic Studies, 70:887– 908, 2003.

  2. [10] A. Chakraborty and G. Evans. Can perpetual learning explain the forward premium puzzle? Journal of Monetary Economics, 55(3):477– 490, 2008.

  3. [11] I.-K. Cho and T. J. Sargent. Self-con…rming equilibria. In The New Palgrave Distionary of Economics, Second Edition. 2008.
    Paper not yet in RePEc: Add citation now
  4. [12] T. Cogley and T. J. Sargent. The market price of risk and the equity premium: A legacy of the great depression? Journal of Monetary Economics, 55:454– 476, 2008.

  5. [13] M. DeGroot. Optimal Statistical Decisions. McGraw-Hill, New York, 1970. [14] S. Eusepi and B. Preston. Expectations, learning and business cycle ‡
    Paper not yet in RePEc: Add citation now
  6. [15] G. Evans and S. Honkapohja. Adaptive learning and monetary policy design. Journal of Money Credit and Banking, 35:1045– 1072, 2003.

  7. [16] G. Evans and S. Honkapohja. Expectations and the stability problem for optimal monetary policy. Review of Economic Studies, 70:807– 824, 2003.

  8. [17] G. Evans and S. Honkapohja. Policy interaction, expectations and the liquidity trap. Review of Economic Dynamics, 8:303– 323, 2005.

  9. [18] D. Fudenberg and D. Levine. Sef-con…rming equilibrium. Econometrica, 61:523– 545, 1993.
    Paper not yet in RePEc: Add citation now
  10. [19] J. Geweke. A note on some limitations of CRRA utility. Economics Letters, 71:341– 345, 2001.

  11. [2] K. Adam. Learning to forecast and cyclical behavior of output and in‡ ation. Macroeconomic Dynamics, 9(1):1– 27, 2005.

  12. [21] J. M. Harrison and D. M. Kreps. Speculative investor behavior in a stock market with heterogeneous expectations. Quarterly Journal of Economics, 92:323– 336, 1978.

  13. [22] D. Kreps. Anticipated utility and dynamic choice. In D. Jacobs, E. Kalai, and M. Kamien, editors, Frontiers of Research in Economic Theory, pages 242– 274. Cambridge University Press, Cambridge, 1998.
    Paper not yet in RePEc: Add citation now
  14. [23] M. Kurz, editor. Endogenous Economic Fluctuations. Springer, Berlin, 1997. [24] A. Marcet and J. P. Nicolini. Recurrent hyperin‡ ations and learning.
    Paper not yet in RePEc: Add citation now
  15. [25] R. Marimon. Learning from learning in economics. In D. Kreps and K. F. Wallis, editors, Advances in Economic Theory, Cambridge, 1997. Cambridge University Press.
    Paper not yet in RePEc: Add citation now
  16. [26] K. Molnar and S. Santoro. Optimal monetary policy when agents are learning. Norwegian School of Economics Working Paper No. 7, 2007. [27] J. F. Muth. Rational expectations and the theory of price movements.
    Paper not yet in RePEc: Add citation now
  17. [28] A. Orphanides and J. C. Williams. Imperfect knowledge, in‡ ation expectations, and monetary policy. In B. Bernanke and M. Woodford, editors, The In‡ation-Targeting Debate. University of Chicago Press, 2006.
    Paper not yet in RePEc: Add citation now
  18. [29] L. Pastor and P. Veronesi. Stock valuation and learning about pro…tability. Journal of Finance, 58(5):1749– 1789, 2003.

  19. [3] K. Adam and A. Marcet. Booms and busts in asset prices. London School of Economics mimeo, 2010.
    Paper not yet in RePEc: Add citation now
  20. [30] H. Pesaran, D. Pettenuzzo, and A. Timmermann. Learning, structural instability, and present value calculations. Econometric Reviews, 26:253– 288, 2007.

  21. [31] B. Preston. Learning about monetary policy rules when longhorizon expectations matter. International Journal of Central Banking, 1(2):81– 126, 2005. [32] M. S. Santos and M. Woodford. Rational asset pricing bubbles.

  22. [34] T. J. Sargent. Evolution and intelligent design. American Economic Review, 98(1):5– 37, 2008.

  23. [35] A. Timmermann. How learning in …nancial markets generates excess volatility and predictability in stock prices. Quarterly Journal of Economics, 108:1135– 1145, 1993.
    Paper not yet in RePEc: Add citation now
  24. [36] A. Timmermann. Excess volatility and predictability of stock prices in autoregressive dividend models with learning. Review of Economic Studies, 63:523– 557, 1996. [37] M. L. Weitzman. Subjective expectations and asset-return puzzles.

  25. [38] M. Woodford. Robustly optimal monetary policy with near-rational expectations. American Economic Review (forthcoming), 2010.
    Paper not yet in RePEc: Add citation now
  26. [4] K. Adam, A. Marcet, and J. P. Nicolini. Learning and stock market volatility. Mannheim University Mimeo, 2010.
    Paper not yet in RePEc: Add citation now
  27. [5] F. Allen, S. Morris, and H. S. Shin. Beauty contest and iterated expectations in asset markets. Review of Financial Studies, 19:719– 752, 2006.

  28. [6] R. Anderson and H. Sonnenschein. Rational expectations equilibrium with econometric models. Review of Economic Studies, 52:359– 369, 1985.

  29. [7] R. J. Aumann. Agreeing to disagree. The Annals of Statistics, 4 (6):1236– 1239, 1976.
    Paper not yet in RePEc: Add citation now
  30. [8] L. Blume and D. Easley. If you’ re so smart, why aren’ t you rich? belief selection in complete and incomplete markets. Econometrica, 74(4):929– 966, 2006. [9] M. Bray and D. Kreps. Rational learning and rational expectations.
    Paper not yet in RePEc: Add citation now
  31. Econometrica, 65:19– 57, 1997. [33] T. J. Sargent. The Conquest of American In‡ation. Princeton Univ.
    Paper not yet in RePEc: Add citation now
  32. In G. Feiwel, editor, Arrow and the Ascent of Modern Economic Theory, pages 597– 625. New York University Press, New York, 1987.
    Paper not yet in RePEc: Add citation now
  33. uctuations. American Economic Review (forthcoming), 2010. Coumbia University mimeo.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. A Comment on Monetary Policy and Rational Asset Price Bubbles. (2023). Barlevy, Gadi ; Gale, Douglas ; Allen, Franklin.
    In: Working Paper Series.
    RePEc:fip:fedhwp:96631.

    Full description at Econpapers || Download paper

  2. Aggregate Implications of Heterogeneous Inflation Expectations: The Role of Individual Experience. (2023). Toma, Hiroshi ; Pedemonte, Mathieu ; Verdugo, Estaban.
    In: Working Papers.
    RePEc:fip:fedcwq:95460.

    Full description at Econpapers || Download paper

  3. Asset Price Booms and Macroeconomic Policy: A Risk-Shifting Approach. (2022). Gale, Douglas ; Barlevy, Gadi ; Allen, Franklin.
    In: American Economic Journal: Macroeconomics.
    RePEc:aea:aejmac:v:14:y:2022:i:2:p:243-80.

    Full description at Econpapers || Download paper

  4. Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information. (2019). Nakagawa, Ryuichi ; McGough, Bruce.
    In: Working Papers on Central Bank Communication.
    RePEc:upd:utmpwp:005.

    Full description at Econpapers || Download paper

  5. Asset Price Booms and Macroeconomic Policy: a Risk-Shifting Approach. (2019). Barlevy, Gadi ; Gale, Douglas ; Allen, Franklin.
    In: 2019 Meeting Papers.
    RePEc:red:sed019:587.

    Full description at Econpapers || Download paper

  6. Behavioral learning equilibria in the New Keynesian model. (2019). Mavromatis, Kostas(Konstantinos) ; Hommes, Cars ; Zhu, Mei ; Ozden, Tolga.
    In: DNB Working Papers.
    RePEc:dnb:dnbwpp:654.

    Full description at Econpapers || Download paper

  7. MONETARY AND FISCAL POLICY DESIGN AT THE ZERO LOWER BOUND: EVIDENCE FROM THE LAB. (2019). Salle, Isabelle ; Hommes, Cars ; Massaro, Domenico.
    In: Economic Inquiry.
    RePEc:bla:ecinqu:v:57:y:2019:i:2:p:1120-1140.

    Full description at Econpapers || Download paper

  8. Beyond rational expectations: The effects of heuristic switching in an Overlapping Generations model. (2018). Quaghebeur, Ewoud ; Boone, Brecht.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:155:y:2018:i:c:p:349-364.

    Full description at Econpapers || Download paper

  9. On Interest Rate Policy and Asset Bubbles. (2017). Gale, Douglas ; Barlevy, Gadi ; Allen, Franklin.
    In: 2017 Meeting Papers.
    RePEc:red:sed017:489.

    Full description at Econpapers || Download paper

  10. On Interest Rate Policy and Asset Bubbles. (2017). Gale, Douglas ; Barlevy, Gadi ; Allen, Franklin.
    In: Working Paper Series.
    RePEc:fip:fedhwp:wp-2017-16.

    Full description at Econpapers || Download paper

  11. Behavioral Learning Equilibria, Persistence Amplification & Monetary Policy. (2016). Hommes, Cars ; Zhu, M.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:16-03.

    Full description at Econpapers || Download paper

  12. Estimating Structural Parameters in Regression Models with Adaptive Learning. (2015). Massmann, Michael ; Christopeit, Norbert.
    In: Tinbergen Institute Discussion Papers.
    RePEc:tin:wpaper:20150106.

    Full description at Econpapers || Download paper

  13. On the perils of stabilizing prices when agents are learning. (2015). Molnar, Krisztina ; Mele, Antonio ; Santoro, Sergio .
    In: School of Economics Discussion Papers.
    RePEc:sur:surrec:0215.

    Full description at Econpapers || Download paper

  14. Stock Market Volatility and Learning. (2015). Nicolini, Juan Pablo ; Marcet, Albert ; Adam, Klaus.
    In: Working Papers.
    RePEc:fip:fedmwp:720.

    Full description at Econpapers || Download paper

  15. On the Perils of Stabilizing Prices when Agents are Learning. (2015). Molnar, Krisztina ; Mele, Antonio ; Santoro, Sergio .
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_5173.

    Full description at Econpapers || Download paper

  16. Monetary and Fiscal Policy Design at the Zero Lower Bound - Evidence from the Lab. (2015). Salle, Isabelle ; Massaro, Domenico ; Hommes, Cars.
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:15-11.

    Full description at Econpapers || Download paper

  17. Learning Dynamics with Data (Quasi-) Differencing. (2014). Kuang, Pei.
    In: Discussion Papers.
    RePEc:bir:birmec:15-06.

    Full description at Econpapers || Download paper

  18. Stock Market Volatility and Learning. (2014). Nicolini, Juan Pablo ; Marcet, Albert ; Adam, Klaus.
    In: Working Papers.
    RePEc:bge:wpaper:336.

    Full description at Econpapers || Download paper

  19. Monetary Policy and Rational Asset Price Bubbles. (2014). Gal, Jordi .
    In: American Economic Review.
    RePEc:aea:aecrev:v:104:y:2014:i:3:p:721-52.

    Full description at Econpapers || Download paper

  20. Stock Market Volatility and Learning. (2012). Nicolini, Juan Pablo ; Marcet, Albert ; Adam, Klaus.
    In: Working Papers.
    RePEc:mnh:wpaper:31217.

    Full description at Econpapers || Download paper

  21. Stock market volatility and learning. (2011). Marcet, Albert ; Adam, Klaus ; Nicolini, Juan Pablo.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:121739.

    Full description at Econpapers || Download paper

  22. Internal rationality, imperfect market knowledge and asset prices. (2011). Marcet, Albert ; Adam, Klaus.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:121722.

    Full description at Econpapers || Download paper

  23. Saddlepath learning. (2011). Pearlman, Joseph ; Ellison, Martin.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:146:y:2011:i:4:p:1500-1519.

    Full description at Econpapers || Download paper

  24. Internal rationality, imperfect market knowledge and asset prices. (2011). Marcet, Albert ; Adam, Klaus.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:146:y:2011:i:3:p:1224-1252.

    Full description at Econpapers || Download paper

  25. Stock Market Volatility and Learning. (2011). Nicolini, Juan Pablo ; Marcet, Albert ; Adam, Klaus.
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp1077.

    Full description at Econpapers || Download paper

  26. Internal Rationality, Imperfect Market Knowledge and Asset Prices. (2011). Marcet, Albert ; Adam, Klaus.
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp1068.

    Full description at Econpapers || Download paper

  27. Saddlepath Learning. (2010). Pearlman, Joseph ; Ellison, Martin.
    In: CDMA Conference Paper Series.
    RePEc:san:cdmacp:0710.

    Full description at Econpapers || Download paper

  28. Expectational Stability in Multivariate Models. (2008). Moreno, Antonio ; Cho, Seonghoon.
    In: Faculty Working Papers.
    RePEc:una:unccee:wp0608.

    Full description at Econpapers || Download paper

  29. Stock Market Volatility and Learning. (2008). Nicolini, Juan Pablo ; Marcet, Albert ; Adam, Klaus.
    In: UFAE and IAE Working Papers.
    RePEc:aub:autbar:732.08.

    Full description at Econpapers || Download paper

  30. E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models. (2007). McCallum, Bennett.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:31:y:2007:i:4:p:1376-1391.

    Full description at Econpapers || Download paper

  31. Stock Market Volatility and Learning. (2007). Nicolini, Juan Pablo ; Marcet, Albert ; Adam, Klaus.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6518.

    Full description at Econpapers || Download paper

  32. E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models. (2006). McCallum, Bennett.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12441.

    Full description at Econpapers || Download paper

  33. Are hyperinflation paths learnable?. (2006). Honkapohja, Seppo ; Evans, George ; Adam, Klaus.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:30:y:2006:i:12:p:2725-2748.

    Full description at Econpapers || Download paper

  34. Experimental evidence on the persistence of output and inflation. (2005). Adam, Klaus.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2005492.

    Full description at Econpapers || Download paper

  35. Experimental Evidence on the Persistence of Output and Inflation. (2005). Adam, Klaus.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:4885.

    Full description at Econpapers || Download paper

  36. Are stationary hyperinflation paths learnable?. (2003). Honkapohja, Seppo ; Evans, George ; Adam, Klaus ; GeorgeW. Evans, .
    In: CFS Working Paper Series.
    RePEc:zbw:cfswop:200415.

    Full description at Econpapers || Download paper

  37. Are Stationary Hyperinflation Paths Learnable?. (2003). Evans, George ; Adam, Klaus ; Honkapoja, Seppo.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_936.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-02-19 08:18:39 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.