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Manzini, Paola, Mariotti, Marco,
In Tversky’s (1969) model of a lexicographic semiorder, a preference is generated via the sequential application of numerical criteria by declaring an alternative x better than an alternative y if the...
complete descriptionhttp://hdl.handle.net/10023/2413
Trew, Alex William,
The quality of contracting institutions has been thought to be of second-order importance next to the impact that good property rights institutions can have on long- run growth. Using a large range of...
complete descriptionhttp://hdl.handle.net/10023/3307
Senay, Ozge, Sutherland, Alan,
Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexib...
complete descriptionhttp://hdl.handle.net/10023/2240
Mitra, Kaushik, Evans, George W, Honkapohja, Seppo,
Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). T...
complete descriptionhttp://hdl.handle.net/10023/2260
Devereux, Michael B., Senay, Ozge, Sutherland, Alan,
Over the one and a half decades prior to the global financial crisis, advanced economies experienced a large growth in gross external portfolio positions. This phenomenon has been described as Financi...
complete descriptionhttp://hdl.handle.net/10023/2604
Devereux, Michael B., Senay, Ozge, Sutherland, Alan,
Over the one and a half decades prior to the global financial crisis, advanced economies experienced a large growth in gross external portfolio positions. This phenomenon has been described as Financi...
complete descriptionhttp://hdl.handle.net/10023/2231
Kim, Seong-Hoon,
This paper introduces a classification of DSGEs from a Markovian perspective, and positions the class of POMDP (Partially Observable Markov Decision Process) to the center of a generalization of linea...
complete descriptionhttp://www.st-andrews.ac.uk/cdma/papers.html
Kim, Seong-Hoon,
This paper introduces a classification of DSGEs from a Markovian perspective, and positions the class of POMDP (Partially Observable Markov Decision Process) to the center of a generalization of linea...
complete descriptionhttp://hdl.handle.net/10023/2744
Manzini, Paola, Mariotti, Marco,
We model a boundedly rational agent who su¤ers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses ...
complete descriptionhttp://hdl.handle.net/10023/3457
Senay, Ozge, Sutherland, Alan,
Using a standard open economy DSGE model, it is shown that the timing of asset trade relative to policy decisions has a potentially important impact on the welfare evaluation of monetary policy at the...
complete descriptionhttp://hdl.handle.net/10023/2601