Search Results for: Lectures On Behavioral Macroeconomics

In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shoc

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 Target

Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very sh

From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial cri

This book compares and contrasts the neo-classic standard economics model with the behavioural economics model and shows how the latter attempts to explain the