Adaptively evolving expectations in models of monetary dynamics: The fundamentalists forward looking

Chiarella, C; Khomin, A

Adaptively evolving expectations in models of monetary dynamics: The fundamentalists forward looking

Chiarella, C Khomin, A

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Publication Type:: Journal Article
Citation:: Annals of Operations Research, 1999, 89 pp. 21 - 34
Issue Date:: 1999-12-01

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Field	Value	Language
dc.contributor.author	Chiarella, C	en_US
dc.contributor.author	Khomin, A	en_US
dc.date.issued	1999-12-01	en_US
dc.identifier.citation	Annals of Operations Research, 1999, 89 pp. 21 - 34	en_US
dc.identifier.issn	0254-5330	en_US
dc.identifier.uri	http://hdl.handle.net/10453/13017
dc.description.abstract	In the basic Cagan model of monetary dynamics, we allow inflationary expectations to be formed as a weighted average of fundamentalist and chartists expectations. We allow the weights to evolve adaptively according to the mechanism of Brock and Hommes [3] and study the resulting dynamic behaviour.	en_US
dc.relation.ispartof	Annals of Operations Research	en_US
dc.subject.classification	Operations Research	en_US
dc.title	Adaptively evolving expectations in models of monetary dynamics: The fundamentalists forward looking	en_US
dc.type	Journal Article
utslib.citation.volume	89	en_US
utslib.for	0102 Applied Mathematics	en_US
utslib.for	01 Mathematical Sciences	en_US
utslib.for	08 Information and Computing Sciences	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
dc.location.activity	ISI:000081261500003	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	89	en_US

Abstract:

In the basic Cagan model of monetary dynamics, we allow inflationary expectations to be formed as a weighted average of fundamentalist and chartists expectations. We allow the weights to evolve adaptively according to the mechanism of Brock and Hommes [3] and study the resulting dynamic behaviour.

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http://hdl.handle.net/10453/13017