Near-rational exuberance
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Near-rational exuberance by James Bullard

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Published by Federal Reserve Bank of St. Louis in [St. Louis, Mo.] .
Written in English

Subjects:

  • Macroeconomics.,
  • Monetary policy.

Book details:

Edition Notes

Statementby James B. Bullard, George W. Evans and Seppo Honkapohja.
SeriesWorking paper ;, 2004-025A, Working paper (Federal Reserve Bank of St. Louis : Online) ;, 2004-025A.
ContributionsEvans, George W., 1949-, Honkapohja, Seppo, 1951-
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3390540M
LC Control Number2004620266

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It'd nearly a decade since this book, the 2nd edition of Irrational Exuberance, made its debut in A lot has happened since then in financial markets. In this latest, Third edition, Professor Shiller updates the text to reflect developments since the second edition/5(52). A model of near-rational exuberance. April ; Macroeconomic Dynamics 14(02) This is the third book of three volumes containing edited versions of papers and a commentary presented at. In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize–winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the –9 financial high stock and bond prices and the rising cost of housing, the post-subprime boom may well turn /5(98). Near-Rational Exuberance ∗ James Bullard Federal Reserve Bank of St. Louis George W. Evans University of Oregon Seppo Honkapohja § University of Cambridge 17 September Abstract eW study how the use of judgement or add-factors in macroeco-nomic forecasting may disturb the set of equilibrium outcomes when.

"A model of near-rational exuberance," Working Papers , Federal Reserve Bank of St. Louis. Evans, George & Bullard, James & Honkapohja, Seppo, " A Model of Near-Rational Exuberance," SIRE Discussion Papers , Scottish Institute for Research in Economics (SIRE). A Model of Near-Rational Exuberance (with James Bullard and Seppo Honkapohja), Macroeconomic Dynamics, Vol. 14, , Generalized Stochatic Gradient Learning (with Seppo Honkapohja and Noah Williams), International Economic Review, Vol. 51, , “A Model of Near-Rational Exuberance,” (with James Bullard and Seppo Honkapohja), Macroeconomic Dynamics, Vol. 14, , “ Generalized Stochastic Gradient Learning ” (with Seppo Honkapohja and Noah Williams), International Economic Review, Vol. 51, , Recognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments.

James Bullard & George W. Evans & Seppo Honkapohja, "A Model of Near-Rational Exuberance," CDMA Working Paper Series , Centre for Dynamic Macroeconomic Analysis. Evans, George & Bullard, James & Honkapohja, Seppo, "A Model of Near-Rational Exuberance," SIRE Discussion Papers , Scottish Institute for Research in. BibTeX @MISC{Bullard05near-rationalexuberance, author = {James Bullard and George W. Evans and et al.}, title = {Near-Rational EXUBERANCE }, year = {}}.   Irrational exuberance was a book I had been wanting to read for a very long time, so the question was: was the book worth the excitement I felt when the third edition was finally released? Well, yes and no. There are a few chapters that I thought were absolutely essential, namely the chapters in the first pages of the book, including the 4/5.   In Near-Rational Exuberance, James Bullard, George Evans and Seppo Honkapohja at the St. Louis Fed develop the concept of exuberance equilibria — situations of self-fulfilling expectations in which additional subjective beliefs are added — and create an equilibrium in which a) expectations are consistent, b) agents are rational in including Author: Pierre Saint-Laurent.