Browsing MWP Working Papers by Subject "professional forecasters"

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Browsing MWP Working Papers by Subject "professional forecasters"

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    Title: Good Luck or Good Policy? An expectational theory of macro volatility switches  Author(s): GABALLO, Gaetano Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: In an otherwise unique-equilibrium model, agents are segmented into a few informational islands according to the signal they receive about others' expectations. Even if agents perfectly observe fundamentals, rational-exuberance ...