Séminaire COURNOT – Frédéric Dufourt (AMSE)
De 14:00 à 15:30
Détails de l'événement :
Titre : Expectations, beliefs and the business cycle
Résumé : Are exogenous changes in agents’ expectations a significant cause of observed economic fluctuations? A positive answer to this question requires two necessary ingredients. First, belief-driven fluctuations must be a plausible outcome of realistic business cycle models, occurring for realistic values for all structural parameters. Second, to the extent that they exist, exogenous changes in expectations must generate endogenous dynamics for macroeconomic variables consistent with observed patterns of economic fluctuations, in particular in response to transitory shocks. We present the results of two recent papers in which these issues are thoroughly addressed.
Lieu du séminaire : Salle du Conseil et ZOOM.
Agenda des séminaires : https://www.beta-economics.fr//seminaires-cournot-2022-2023/