'Rational expectations' diaporamas de présentation

Trust, Emotions, Thresholds , Herding and Contagion

Trust, Emotions, Thresholds , Herding and Contagion. Alan Kirman Presentation at the THEfoDA discussion forum Mallorca May 9th 2013. Bob Shiller.

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FNCE 4070: FINANCIAL MARKETS AND INSTITUTIONS Lecture 3: The Role of Expectations in Financial Markets

FNCE 4070: FINANCIAL MARKETS AND INSTITUTIONS Lecture 3: The Role of Expectations in Financial Markets. How Expectations Shape Financial Asset Prices. The Efficient Market Hypothesis (Eugene Fama). Where is this Financial Center?. Canary Wharf. The Role of Expectations .

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The Stock Market, Information, and Financial Market Efficiency

The Stock Market, Information, and Financial Market Efficiency. 6. C H A P T E R. LEARNING OBJECTIVES. After studying this chapter, you should be able to:. Understand the basic operations of the stock market. 6.1. Explain how stock prices are determined. 6.2.

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FNCE 3020 Financial Markets and Institutions

FNCE 3020 Financial Markets and Institutions. Lecture 6; Part 1 Expectations and Financial Markets (The Efficient Market Hypothesis). Objectives for This Lecture Series. (1) To discuss the role of expectations in financial markets.

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Experimental Economics: Short Course Universidad del Desarrollo Santiago, Chile December 16, 2009

Experimental Economics: Short Course Universidad del Desarrollo Santiago, Chile December 16, 2009. Dr. Jonathan E. Alevy Department of Economics University of Alaska Anchorage afja@uaa.alaska.edu. Note on Hypothetical vs Salient Payments. Hypothetical responses

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AP Macroeconomics

AP Macroeconomics. FINAL REVIEW. Graphs: PPC, Circular Flow Big Concepts: Comparative and Absolute Advantage, Circular Flow of Economic Activity. Unit One: Intro to Economics. Circular Flow of Economic Activity. Fundamentals. Fundamental problem in economics is scarcity

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Aggregate supply

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Stabilization Policy, Output, and Employment

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Efficient Securities Markets

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The Missing Motivation in Macroeconomics ISEO June 24, 2007

The Missing Motivation in Macroeconomics ISEO June 24, 2007. Thanks to Rachel Kranton. I. Introduction. Macroeconomics changed . Objection to casual ways. Derivation from economic principles. Five Neutralities. Independence of consumption and current income (given wealth).

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Value computation and value modulation: a dual-process theory of self-control

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Temin Critique: DSGE Generally/Cole- Ohanian Particularly

Temin Critique: DSGE Generally/Cole- Ohanian Particularly. General equilibrium with rational expectations okay for studying long-run growth...but not for short-run fluctuations Frictions ? Upward sloping SRAS Demand shocks matter DSGE focuses on total factor productivity ( TFP )

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Orlando Gomes

Orlando Gomes. Lisbon School of Accounting and Administration of the Lisbon Polytechnic Institute & Business Research Unit of the Lisbon University Institute. Research highlights, prepared for the Journal of Applied & Computational Mathematics July, 2014.

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Wither the Phillips Curve?

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Heterodox macroeconomics: an overview

Heterodox macroeconomics: an overview. Malcolm Sawyer University of Leeds. Introduction. Heterodox macroeconomics includes what may be termed Post-Keynesian and Kaleckian macroeconomics Reading:

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GERALD EPSTEIN AND THOMAS FERGUSON

Answers to Stock Questions: Fed Targets, Stock Prices, and the Gold Standard in the Great Depression. GERALD EPSTEIN AND THOMAS FERGUSON. Alex Macri.

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Chapter Six

Chapter Six. THE THEORY OF EFFICIENT CAPITAL MARKETS. Theory of Rational Expectations. V.S. adaptive expectation ?slow adjustment. Rational expectation (RE) = expectation that is optimal forecast (best prediction of future) using all available information: i.e., RE ? X e = X of

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Economic Growth and International Trade Vocabulary

Economic Growth and International Trade Vocabulary. Phillips Curve Stagflation S upply-side economics Laffer Curve R & D Loanable Funds Forex Market Human Capital Physical Capital. Current Account Financial/Capital Account Keynesian View Classical View Monetarist View

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