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Animal Spirits and the Business Cycle: Empirical Evidence from Moment Matching
16 references·5 citing·38 second hop
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References

  • 1936The General Theory of Employment, Interest and Money.12,562 cited
  • 2005Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy5,868 cited
  • 2003Maps of Bounded Rationality: Psychology for Behavioral Economics5,374 cited
  • 2007Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach4,628 cited
  • 1991Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation4,039 cited
  • 2003Implications of rational inattention3,869 cited
  • 2003An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area3,519 cited
  • 2002Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve2,302 cited
  • 2001Learning and Expectations in Macroeconomics2,079 cited
  • 1997A Rational Route to Randomness1,724 cited
  • 2009Animal spirits: how human psychology drives the economy, and why it matters for global capitalism1,446 cited
  • 2002Bounded Rationality: The Adaptive Toolbox1,059 cited
  • 2000Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?767 cited
  • 2005Heterogeneous Agent Models in Economics and Finance745 cited
  • 1993Simulated Moments Estimation of Markov Models of Asset Prices

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691 cited
  • 2003An Area Wide Model (Awm) for the Euro Area641 cited
  • Cited by

    • 2018Empirical Validation of Agent-Based Models ✶ ✶We gratefully acknowledge the very detailed and careful comments by three anonymous reviewers. Very useful feedback and comments have also been provided by Robert Axtell, Herbert Dawid, Cees Diks, and Blake LeBaron.63 cited
    • 2017TAKING STOCK: A RIGOROUS MODELLING OF ANIMAL SPIRITS IN MACROECONOMICS60 cited
    • 2019Forecast heuristics, consumer expectations, and New-Keynesian macroeconomics: A Horse race17 cited
    • 2017Sentiment and Uncertainty Fluctuations and Their Effects on the Euro Area Business Cycle14 cited
    • 2021Estimation of Heuristic Switching in Behavioral Macroeconomic Models13 cited