Social networks, social interaction and macroeconomic dynamics: How much could Ernst Ising help DSGE?
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DOI: 10.1016/j.ribaf.2012.08.004
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- Chen, Shu-Heng & Chang, Chia-Ling & Wen, Ming-Chang, 2013. "Social networks and macroeconomic stability," Economics Discussion Papers 2013-4, Kiel Institute for the World Economy (IfW Kiel).
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More about this item
Keywords
New Keynesian DSGE (dynamic stochastic general equilibrium) model; Adaptive belief system; Social network; Ising model; Market sentiment;All these keywords.
JEL classification:
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
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