A minimal self-reflexive confidence mechanism in a multi-household DSGE model generates multiple realistic output regimes including crises whose probability depends exponentially on parameters.
Is something really wrong with macroeconomics? Oxford Review of Economic Policy, 34(1-2):132–155, 2018
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
q-fin.GN 1years
2019 1verdicts
UNVERDICTED 1representative citing papers
citing papers explorer
-
Confidence Collapse in a Multi-Household, Self-Reflexive DSGE Model
A minimal self-reflexive confidence mechanism in a multi-household DSGE model generates multiple realistic output regimes including crises whose probability depends exponentially on parameters.