Growth expectations, undue optimism, and short-run fluctuations
We assess the contribution of "undue optimism" (Pigou) to short-run fluctuations. In our analysis, optimism pertains to total factor productivity which determines economic activity in the long run, but is not contemporaneously observed by market participants. In order to recover optimism s...
Gespeichert in:
| Hauptverfasser: | , , |
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| Dokumenttyp: | Buch/Monographie Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
München
CESifo
2013
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| Schriftenreihe: | CESifo working paper Fiscal Policy, Macroeconomics and Growth
4548 |
| In: |
CESifo working papers (4548)
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| Schlagworte: | |
| Online-Zugang: | Verlag, Volltext: http://www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19103106 Download aus dem Internet, Stand: 02.01.2014, Volltext: http://hdl.handle.net/10419/89630 
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| Verfasserangaben: | Zeno Enders; Michael Kleemann; Gernot Müller |
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Growth expectations, undue optimism, and short-run fluctuations
Buch/Monographie
Arbeitspapier
Online Resource
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