Fecha:
dic. 2018
Formato:
application/pdf | kb.
Tipo de documento:
info:eu-repo/semantics/report - info:ar-repo/semantics/informe técnico - info:eu-repo/semantics/publishedVersion
Idioma:
eng
Descriptores:
Descripción: The practice of ascribing to agents expectations compat- ible with the model currently proposed by the analyst has been a widespread feature in Macroeconomics. However, that is a problematic assumption when used to depict anticipations constructed in the past since it would imply attributing to agents the use of a model that the economist had not yet built, and possibly not yet thought about. Thus, model-consistency is an ambiguous notion. In this paper we present a preliminary exploration of the application of the alternative forms of model-consistency in a very standard setup, using two re-lated analytical constructs of different generations for U.S. data for the period 1959-2015.
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Cita bibliográfica:
Heymann, Daniel (dic. 2018). On model-consistent expectations in macroeconomics (info:eu-repo/semantics/report). [consultado: ] Disponible en el Repositorio Digital Institucional de la Universidad de Buenos Aires: <http://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=docin&cl=CL1&d=docin_iiep_037_oai>