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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA)
Gasteiger, E. (2018). Do heterogeneous expectations constitute a challenge for policy interaction?. Macroeconomic Dynamics. 22 (8), 2107-2140
Exportar Referência (IEEE)
E. M. Gasteiger,  "Do heterogeneous expectations constitute a challenge for policy interaction?", in Macroeconomic Dynamics, vol. 22, no. 8, pp. 2107-2140, 2018
Exportar BibTeX
@article{gasteiger2018_1597416315411,
	author = "Gasteiger, E.",
	title = "Do heterogeneous expectations constitute a challenge for policy interaction?",
	journal = "Macroeconomic Dynamics",
	year = "2018",
	volume = "22",
	number = "8",
	doi = "10.1017/S1365100516001036",
	pages = "2107-2140",
	url = "https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/do-heterogeneous-expectations-constitute-a-challenge-for-policy-interaction/C0CB6EE5A132BDAEAD4929B004A3806C"
}
Exportar RIS
TY  - JOUR
TI  - Do heterogeneous expectations constitute a challenge for policy interaction?
T2  - Macroeconomic Dynamics
VL  - 22
IS  - 8
AU  - Gasteiger, E.
PY  - 2018
SP  - 2107-2140
SN  - 1365-1005
DO  - 10.1017/S1365100516001036
UR  - https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/do-heterogeneous-expectations-constitute-a-challenge-for-policy-interaction/C0CB6EE5A132BDAEAD4929B004A3806C
AB  - Yes, indeed; at least for macroeconomic policy interaction. We examine a Neo-Classical economy and provide the conditions for policy arrangements to successfully stabilize the economy when agents have either rational or adaptive expectations. For a contemporaneous-data monetary policy rule, the monetarist solution is unique and stationary under a passive fiscal/active monetary policy regime if monetary policy appropriately incorporates expectational heterogeneity. In contrast, the active fiscal/passive monetary policy regime's fiscalist solution is prone to explosiveness due to empirically plausible expectational heterogeneity. Nevertheless, this can be a well-defined, rather orthodox equilibrium. For operational monetary policy rules, only the results for the fiscalist solution prevail. Moreover, our results are plausible from an adaptive learning viewpoint.
ER  -