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• Title:Lectures on behavioral macroeconomics / Paul De Grauwe.
  
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• Author/Creator:Grauwe, Paul de.
  
• Published/Created:Princeton [N.J.] : Princeton University Press, ©2012.
  

• Holdings

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  • Location:KOERNER LIBRARY stacks (Floor 1)Where is this?
    
  • Call Number: HB172.5 .G719 2012
    
  • Number of Items:1
    
  • Status:Available
    
  • Links:Donor bookplate
    

   
• Library of Congress Subjects:Macroeconomics.
  
• Description:viii, 136 p. : ill. ; 24 cm.
  
• Notes:Includes bibliographical references and index.
  
• ISBN:9780691147390 (cloth : alk. paper)
  0691147396 (cloth : alk. paper)
  
• Contents:Machine generated contents note: 1. Behavioral Macroeconomic Model
  1.1. Introduction
  1.2. Model
  1.3. Introducing Heuristics in Forecasting Output
  1.4. Heuristics and Selection Mechanism in Forecasting Inflation
  1.5. Solving the Model
  1.6. Animal Spirits, Learning, and Forgetfulness
  1.7. Conditions for Animal Spirits to Arise
  1.8. Two Different Business Cycle Theories: Behavioral Model
  1.9. Two Different Business Cycle Theories: New Keynesian Model
  1.10. Uncertainty and Risk
  1.11. Credibility of Inflation Targeting and Animal Spirits
  1.12. Different Types of Inertia
  1.13. Animal Spirits in the Macroeconomic Literature
  1.14. Conclusion
  Appendix 1 Parameter Values of the Calibrated Model
  Appendix 2 Matlab Code for the Behavioral Model
  Appendix 3 Some Thoughts on Methodology in Mainstream Macroeconomics
  2. Transmission of Shocks
  2.1. Introduction
  2.2. Transmission of a Positive Productivity Shock
  2.3. Transmission of Interest Rate Shocks
  2.4. Fiscal Policy Multipliers: How Much Do We Know?
  2.5. Transmission under Perfect Credibility of Inflation Target
  3. Trade-offs between Output and Inflation Variability
  3.1. Introduction
  3.2. Constructing Trade-offs
  3.3. Trade-offs in the New Keynesian Rational Expectations (DSGE) Model
  3.4. Merits of Strict Inflation Targeting
  4. Flexibility, Animal Spirits, and Stabilization
  4.1. Introduction
  4.2. Flexibility and Neutrality of Money
  4.3. Flexibility and Stabilization
  5. Animal Spirits and the Nature of Macroeconomic Shocks
  5.1. Introduction
  5.2. Model with Only Supply or Demand Shocks
  5.3. Trade-offs in the Supply-Shocks-Only Scenario
  5.4. Trade-offs in the Demand-Shocks-Only Scenario
  5.5. Conclusion
  6. Stock Prices and Monetary Policy
  6.1. Introduction
  6.2. Introducing Asset Prices in the Behavioral Model
  6.3. Simulating the Model
  6.4. Should the Central Bank Care about Stock Prices?
  6.5. Inflation Targeting and Macroeconomic Stability
  6.6. Trade-off between Output and Inflation Variability
  6.7. Conclusion
  7. Extensions of the Basic Model
  7.1. Fundamentalists Are Biased
  7.2. Shocks and Trade-offs
  7.3. Further Extensions of the Basic Model
  7.4. Conclusion
  8. Empirical Issues
  8.1. Introduction
  8.2. Correlation of Output Movements and Animal Spirits
  8.3. Model Predictions: Higher Moments
  8.4. Transmission of Monetary Policy Shocks
  8.5. Conclusion.