Confidence Crashes and Animal Spirits
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Roger E. A. Farmer, 2012. "Confidence, Crashes and Animal Spirits," Economic Journal, Royal Economic Society, vol. 122(559), pages 155-172, March.
- Roger E.A. Farmer, 2009. "Confidence, Crashes and Animal Spirits," NBER Working Papers 14846, National Bureau of Economic Research, Inc.
References listed on IDEAS
- Marcus Hagedorn & Iourii Manovskii, 2008.
"The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited,"
American Economic Review,
American Economic Association, vol. 98(4), pages 1692-1706, September.
- Marcus Hagedorn & Iourii Manovskii, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited," 2005 Meeting Papers 460, Society for Economic Dynamics.
- Hagedorn, Marcus & Manovskii, Iourii, 2008. "The cyclical behavior of equilibrium unemployment and vacancies revisited," Working Paper Series 853, European Central Bank.
- Marcus Hagedorn & Iourii Manovskii, 2007. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited," IEW - Working Papers 351, Institute for Empirical Research in Economics - University of Zurich.
- Paolo Gelain & Marco Guerrazzi, 2010. "A DSGE Model from the Old Keynesian Economics: An Empirical Investigation," CDMA Working Paper Series 201014, Centre for Dynamic Macroeconomic Analysis.
- Jordi Galí & Frank Smets & Rafael Wouters, 2012.
"Unemployment in an Estimated New Keynesian Model,"
NBER Macroeconomics Annual,
University of Chicago Press, vol. 26(1), pages 329-360.
- Jordi Galí & Frank Smets & Rafael Wouters, 2011. "Unemployment in an Estimated New Keynesian Model," NBER Chapters,in: NBER Macroeconomics Annual 2011, Volume 26, pages 329-360 National Bureau of Economic Research, Inc.
- Jordi Gali & Frank Smets & Raf Wouters, 2010. "Unemployment in an Estimated New Keynesian Model," 2010 Meeting Papers 126, Society for Economic Dynamics.
- Galí, Jordi & Smets, Frank & Wouters, Rafael, 2011. "Unemployment in an Estimated New Keynesian Model," CEPR Discussion Papers 8401, C.E.P.R. Discussion Papers.
- Jordi Galí & Frank Smets & Rafael Wouters, 2011. "Unemployment in an Estimated New Keynesian Model," NBER Working Papers 17084, National Bureau of Economic Research, Inc.
- Jordi Galí & Frank Smets & Rafael Wouters, 2011. "Unemployment in an Estimated New Keynesian Model," Working Papers 541, Barcelona Graduate School of Economics.
- Jordi Galí & Frank Smets & Rafael Wouters, 2011. "Unemployment in an estimated new Keynesian model," Economics Working Papers 1266, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2011.
- Jordi Galí & Frank Smets & Rafael Wouters, 2012. "Unemployment in an Estimated New Keynesian Model," NBP Working Papers 106, Narodowy Bank Polski, Economic Research Department.
- Rafael Wouters & Frank Smets & Jordi Gali, 2011. "Unemployment in an Estimated New Keynesian model," 2011 Meeting Papers 1451, Society for Economic Dynamics.
- Mark Gertler & Luca Sala & Antonella Trigari, 2008.
"An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 40(8), pages 1713-1764, December.
- Luca Sala & Antonella Trigari & Mark Gertler, 2007. "An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining," 2007 Meeting Papers 353, Society for Economic Dynamics.
- Mark Gertler & Luca Sala & Antonella Trigari, 2008. "An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining," Working Papers 341, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Greenwald, Bruce & Stiglitz, Joseph E, 1988.
"Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models,"
American Economic Review,
American Economic Association, vol. 78(2), pages 351-355, May.
- Bruce Greenwald & Joseph E. Stiglitz, 1988. "Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models," NBER Working Papers 2651, National Bureau of Economic Research, Inc.
- Farmer, Roger E.A., 2010. "How to reduce unemployment: A new policy proposal," Journal of Monetary Economics, Elsevier, vol. 57(5), pages 557-572, July.
- Diamond, Peter A, 1982.
"Aggregate Demand Management in Search Equilibrium,"
Journal of Political Economy,
University of Chicago Press, vol. 90(5), pages 881-894, October.
- P. Diamond, 1980. "Aggregate Demand Management in Search Equilibrium," Working papers 268, Massachusetts Institute of Technology (MIT), Department of Economics.
- Alvin H. Hansen, 1936. "Mr. Keynes on Underemployment Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 44, pages 667-667.
- Farmer, Roger E. A. & Plotnikov, Dmitry, 2012.
"Does Fiscal Policy Matter? Blinder And Solow Revisited,"
Macroeconomic Dynamics,
Cambridge University Press, vol. 16(S1), pages 149-166, April.
- Roger E.A. Farmer & Dmitry Plotnikov, 2010. "Does Fiscal Policy Matter? Blinder and Solow Revisited," NBER Working Papers 16644, National Bureau of Economic Research, Inc.
- Roger Farmer & Dmitry Plotnikov, 2012. "Does Fiscal Policy Matter? Blinder and Solow Revisited," 2012 Meeting Papers 73, Society for Economic Dynamics.
- Farmer, Roger E A & Plotnikov, Dmitry, 2011. "Does Fiscal Policy Matter? Blinder and Solow Revisited," CEPR Discussion Papers 8189, C.E.P.R. Discussion Papers.
- Robert Shimer, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies," American Economic Review, American Economic Association, vol. 95(1), pages 25-49, March.
- Farmer, Roger E A, 2010.
"Animal Spirits, Persistent Unemployment and the Belief Function,"
CEPR Discussion Papers
8100, C.E.P.R. Discussion Papers.
- Roger E.A. Farmer, 2010. "Animal Spirits, Persistent Unemployment and the Belief Function," NBER Working Papers 16522, National Bureau of Economic Research, Inc.
- Roger E. A. Farmer, 2008.
"Aggregate demand and supply,"
International Journal of Economic Theory,
The International Society for Economic Theory, vol. 4(1), pages 77-93.
- Roger E. A. Farmer, 2007. "Aggregate Demand and Supply," NBER Working Papers 13406, National Bureau of Economic Research, Inc.
- N. Gregory Mankiw & Julio J. Rotemberg & Lawrence H. Summers, 1985.
"Intertemporal Substitution in Macroeconomics,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 100(1), pages 225-251.
- N. Gregory Mankiw & Julio J. Rotemberg & Lawrence H. Summers, 1982. "Intertemporal Substitution in Macroeconomics," NBER Working Papers 0898, National Bureau of Economic Research, Inc.
- Farmer, Roger, 2010. "Expectations, Employment and Prices," OUP Catalogue, Oxford University Press, number 9780195397901.
- Pissarides, Christopher A, 1984. "Search Intensity, Job Advertising, and Efficiency," Journal of Labor Economics, University of Chicago Press, vol. 2(1), pages 128-143, January.
- Marco Guerrazzi, 2010. "Stochastic Dynamics and Matching in the Old Keynesian Economics: A Rationale for the Shimer's Puzzle," Discussion Papers 2010/95, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
- Farmer, Roger E A, 2005.
"Shooting the Auctioneer,"
CEPR Discussion Papers
4825, C.E.P.R. Discussion Papers.
- Roger E. A. Farmer, 2005. "Shooting the Auctioneer," 2005 Meeting Papers 26, Society for Economic Dynamics.
- Roger E. A. Farmer & Andrew Hollenhorst, 2006. "Shooting the Auctioneer," NBER Working Papers 12584, National Bureau of Economic Research, Inc.
- Arthur J. Hosios, 1990. "On The Efficiency of Matching and Related Models of Search and Unemployment," Review of Economic Studies, Oxford University Press, vol. 57(2), pages 279-298.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Vulgarni Keynezianizam (4. dio)
by cronomy in Cronomy on 2012-11-16 13:42:45
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Steinar Holden, 2012.
"Implications of insights from behavioral economics for macroeconomic models,"
IMK Working Paper
99-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Holden, Steinar, 2012. "Implications of Insights from Behavioral Economics for Macroeconomic Models," Memorandum 25/2012, Oslo University, Department of Economics.
- Steinar Holden, 2012. "Implications of insights from behavioral economics for macroeconomic models," Working Paper 2012/12, Norges Bank.
- Duca, John V., 2013.
"Did the commercial paper funding facility prevent a Great Depression style money market meltdown?,"
Journal of Financial Stability,
Elsevier, vol. 9(4), pages 747-758.
- Duca, John V., 2010. "Did the Commercial Paper Funding Facility Prevent a Great Depression Style Money Market Meltdown?," MPRA Paper 29255, University Library of Munich, Germany, revised 22 Feb 2011.
- Duca, John V., 2011. "Did the commercial paper funding facility prevent a Great Depression-style money market meltdown?," Working Papers 1101, Federal Reserve Bank of Dallas.
- Riccardo Magnani, 2015. "The Solow Growth Model Revisited. Introducing Keynesian Involuntary Unemployment," Working Papers hal-01203393, HAL.
- Masanori Kashiwagi, 2014.
"Sunspots and Self-Fulfilling Beliefs in the U.S. Housing Market,"
Review of Economic Dynamics,
Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 654-676, October.
- Masanori Kashiwagi, 2014. "Code files for "Sunspots and Self-Fulfilling Beliefs in the U.S. Housing Market"," Computer Codes 12-172, Review of Economic Dynamics.
- Philippe Bacchetta & Eric van Wincoop, 2016.
"The Great Recession: A Self-Fulfilling Global Panic,"
American Economic Journal: Macroeconomics,
American Economic Association, vol. 8(4), pages 177-198, October.
- Eric van Wincoop & Philippe Bacchetta, 2013. "The Great Recession: A Self-Fulfilling Global Panic," 2013 Meeting Papers 413, Society for Economic Dynamics.
- Philippe Bacchetta & Eric van Wincoop, 2013. "The Great Recession: A Self-Fulfilling Global Panic," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 13.05, Université de Lausanne, Faculté des HEC, DEEP.
- Philippe Bacchetta & Eric van Wincoop, 2013. "The Great Recession: A Self-Fulfilling Global Panic," Working Papers 092013, Hong Kong Institute for Monetary Research.
- Bacchetta, Philippe & van Wincoop, Eric, 2013. "The Great Recession: A Self-Fulfilling Global Panic," CEPR Discussion Papers 9487, C.E.P.R. Discussion Papers.
- Philippe Bacchetta & Eric van Wincoop, 2013. "The Great Recession: A Self-Fulfilling Global Panic," NBER Working Papers 19062, National Bureau of Economic Research, Inc.
- Karl Farmer, 2013. "Financial Integration and EMU's External Imbalances in a Two-Country OLG Model," Graz Economics Papers 2013-07, University of Graz, Department of Economics.
- Hollander, Hylton & Liu, Guangling, 2016.
"The equity price channel in a New-Keynesian DSGE model with financial frictions and banking,"
Economic Modelling,
Elsevier, vol. 52(PB), pages 375-389.
- Hylton Hollander and Guangling Liu, 2013. "The Equity Price Channel in a New-Keynesian DSGE Model with Financial Frictions and Banking," Working Papers 360, Economic Research Southern Africa.
- Hylton Hollander & Guangling Liu, 2013. "The equity price channel in a New-Keynesian DSGE model with financial frictions and banking," Working Papers 16/2013, Stellenbosch University, Department of Economics, revised 2014.
- Driscoll, John C. & Holden, Steinar, 2014.
"Behavioral economics and macroeconomic models,"
Journal of Macroeconomics,
Elsevier, vol. 41(C), pages 133-147.
- Driscoll, John C. & Holden, Steinar, 2014. "Behavioral Economics and Macroeconomic Models," Finance and Economics Discussion Series 2014-43, Board of Governors of the Federal Reserve System (U.S.).
- John C. Driscoll & Steinar Holden, 2014. "Behavioral Economics and Macroeconomic Models," CESifo Working Paper Series 4785, CESifo Group Munich.
- Fabio Fornari & Livio Stracca, 2012.
"What does a financial shock do? First international evidence,"
Economic Policy,
CEPR;CES;MSH, vol. 27(71), pages 407-445, July.
- Stracca, Livio & Fornari, Fabio, 2013. "What does a financial shock do? First international evidence," Working Paper Series 1522, European Central Bank.
- Ulrich van Suntum, "undated". "Economic Confidence, Negative Interest Rates, and Liquidity: Towards Keynesianism 2.0," Working Papers 200108, Institute of Spatial and Housing Economics, Munster Universitary.
- Projektgruppe Gemeinschaftsdiagnose, 2014. "Gemeinschaftsdiagnose Frühjahr 2014: Deutsche Konjunktur im Aufschwung - aber Gegenwind von der Wirtschaftspolitik," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(08), pages 03-64, April.
- Karl Farmer, 2013. "EMU Imbalances in a Two-Country Overlapping Generations Model," EcoMod2013 5484, EcoMod.
- Riccardo Magnani, 2015. "The Solow Growth Model Revisited. Introducing Keynesian Involuntary Unemployment," CEPN Working Papers hal-01203393, HAL.
- Koppl, Roger, 2010. "Some epistemological implications of economic complexity," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 859-872, December.
- Pyo, Dong-Jin, 2015. "Animal spirits and stock market dynamics," ISU General Staff Papers 201501010800005596, Iowa State University, Department of Economics.
- Roger E.A. Farmer, 2013. "Animal Spirits, Financial Crises and Persistent Unemployment-super-," Economic Journal, Royal Economic Society, vol. 0, pages 317-340, May.
- Duca, John V. & Murphy, Anthony, 2013. "Would a Bagehot style corporate bond backstop have helped counter the Great Recession?," Economics Letters, Elsevier, vol. 119(3), pages 351-353.
- Faruque, Muhammad U, 2011. "An empirical investigation of the arbitrage pricing theory in a frontier stock market: evidence from Bangladesh," MPRA Paper 38675, University Library of Munich, Germany.
- van Suntum, Ulrich, 2009. "Economic confidence, negative interest rates, and liquidity: Towards Keynesianism 2.0," CAWM Discussion Papers 24, University of Münster, Center of Applied Economic Research Münster (CAWM).
- Farmer, Roger E.A., 2010. "How to reduce unemployment: A new policy proposal," Journal of Monetary Economics, Elsevier, vol. 57(5), pages 557-572, July.
- Marco Guerrazzi, 2010. "How to Reduce Unemployment: Notes on Macro-Economic Stability and Dynamics," Discussion Papers 2010/106, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
- Marco Guerrazzi, 2012.
"Expectations, Employment and Prices: A Suggested Interpretation of the New «Farmerian» Economics,"
Politica economica,
Società editrice il Mulino, issue 3, pages 369-395.
- Guerrazzi, Marco, 2010. "Expectations, employment and prices: a suggested interpretation of the new 'farmerian' economics," MPRA Paper 30832, University Library of Munich, Germany.
- Uribe Gil, Jorge Mario, 2013. "Testing for multiple bubbles with daily data," DOCUMENTOS DE TRABAJO-CIDSE 011028, UNIVERSIDAD DEL VALLE - CIDSE.
More about this item
JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:sed011:603. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann). General contact details of provider: http://edirc.repec.org/data/sedddea.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.