Blar i NHH Brage på emneord "rational expectations"

Viser treff 1-4 av 4

    • Equilibrium and price stabilization 

      Flåm, Sjur Didrik; Gaasland, Ivar; Vårdal, Erling (Working Paper, Working paper, 2001-12)
      The main objects here are markets with stochastic demand and supply. Agriculture provides prime instances. A key concern is how a buffer agency may learn to stabilize prices. We model such learning and identify conditions ...

    • Optimal monetary policy when agents are learning 

      Molnár, Krisztina; Santoro, Sergio (Discussion paper, Working paper, 2006-11)
      Most studies of optimal monetary policy under learning rely on optimality conditions derived for the case when agents have rational expectations. In this paper, we derive optimal monetary policy in an economy where the ...

    • Pricing of an interruptible service with financial compensation and rational expectations 

      Schroyen, Fred; Oyenuga, Adekola Oludolapo (Discussion paper, Working paper, 2008-08)
      This paper proposes a pricing framework that combines the occurrence of supply interruptions with financial compensations. Consumers post ex ante demands for a designated period. These demands are met if ex post supply ...

    • Using survey data of inflation expectations in the estimation of learning and rational expectations models 

      Ormeño, Arturo; Molnár, Krisztina (Discussion paper;20/2014, Working paper, 2014-05)
      Does survey data contain useful information for estimating macroeconomic models? We address this question by using survey data of inflation expectations to estimate the New Keynesian model by Smets and Wouters (2007) and ...