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Microfoundations of macroeconomic fluctuations and the laws of probability theory: the principle of large numbers versus rational expectations arbitrage

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  • Chen, Ping
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  • Chen, Ping, 2002. "Microfoundations of macroeconomic fluctuations and the laws of probability theory: the principle of large numbers versus rational expectations arbitrage," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 327-344, November.
    • Handle: RePEc:eee:jeborg:v:49:y:2002:i:3:p:327-344
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    References listed on IDEAS

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    1. Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
    2. James K. Galbraith, 1997. "Time to Ditch the NAIRU," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 93-108, Winter.
    3. De Long, J Bradford, et al, 1990. "Positive Feedback Investment Strategies and Destabilizing Rational Speculation," Journal of Finance, American Finance Association, vol. 45(2), pages 379-395, June.
    4. Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 14(Spr), pages 3-18.
    5. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
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    Cited by:

    1. Lux, Thomas, 2008. "Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey," Kiel Working Papers 1424, Kiel Institute for the World Economy (IfW Kiel).
    2. Lux, Thomas, 2009. "Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey," Journal of Economic Behavior & Organization, Elsevier, vol. 72(2), pages 638-655, November.
    3. Fenichel, Eli P. & Horan, Richard D., 2016. "Tinbergen and tipping points: Could some thresholds be policy-induced?," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 137-152.
    4. Heinrich, Torsten, 2015. "Growth Cycles, Network Effects, and Intersectoral Dependence: An Agent-Based Model and Simulation Analysis," MPRA Paper 79575, University Library of Munich, Germany, revised 08 Jun 2017.
    5. Thomas Lux, 2009. "Rational Forecasts or Social Opinion Dynamics? Identification of Interaction Effects in a Business Climate Survey," Post-Print hal-00720175, HAL.
    6. Kostyantyn MALYSHENKO & Vadim MALYSHENKO & Elena Yu. PONOMAREVA & Marina ANASHKINA, 2019. "Analysis of the stock market anomalies in the context of changing the information paradigm," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 239-270, June.
    7. Ping Chen, 2014. "Metabolic growth theory: market-share competition, learning uncertainty, and technology wavelets," Journal of Evolutionary Economics, Springer, vol. 24(2), pages 239-262, April.
    8. Polimeni, John M., 2004. "Graduate education in ecological economics," Ecological Economics, Elsevier, vol. 51(3-4), pages 287-293, December.
    9. Heinrich, Torsten, 2014. "Resource Depletion, Growth, Collapse, and the Measurement of Capital," MPRA Paper 54044, University Library of Munich, Germany.

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