Growth expectations, undue optimism, and short-run fluctuations
We assess whether "undue optimism" (Pigou) contributes to business cycle fluctuations. In our analysis, optimism (or pessimism) pertains to total factor productivity which determines economic activity in the long run. Optimism shocks are perceived changes in productivity which do not actua...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Frankfurt am Main
Deutsche Bundesbank
[16.05.2017]
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| Schriftenreihe: | Discussion paper / Deutsche Bundesbank
no 2017, 11 |
| In: |
Discussion paper (no 2017, 11)
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| Schlagworte: | |
| Online-Zugang: | Resolving-System, Volltext: http://hdl.handle.net/10419/158018 Verlag, Volltext: http://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2017/2017_05_16_dkp_11.pdf?__blob=publicationFile 
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| Verfasserangaben: | Zeno Enders (University of Heidelberg and CESifo), Michael Kleemann (Deutsche Bundesbank), Gernot J. Müller (University of Tübingen, CEPR and CESifo) |
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Growth expectations, undue optimism, and short-run fluctuations
Book/Monograph
Arbeitspapier
Online Resource
Search Result 7
