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Growth expectations, undue optimism, and short-run fluctuations: conference paper

Expectations matter for economic activity. To the extent that they are fundamentally unwarranted, they represent "undue optimism or pessimism" (Pigou, 1927). In this paper, we identify empirically the effect of undue optimism/pessism ("optimism shocks") on economic activity. In a...

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Bibliographic Details
Main Authors: Enders, Zeno (Author) , Kleemann, Michael (Author) , Müller, Gernot J. (Author)
Format: Conference Paper
Language:English
Published: [Kiel Hamburg] ZBW 2013
Edition:Preliminary and incomplete
Series:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung C21, Session: Expectation and fluctuations V1
In: Jahrestagung des Vereins für Socialpolitik 2013 (C21-V1)

Subjects:
Graue Literatur
Konferenzschrift
Online Access:Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/80009
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Author Notes:Enders, Zeno; Kleemann, Michael; Müller, Gernot

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