| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| Resilient growth amid increased uncertainty: The Commission's Summer Interim Forecast | |
| Marco Buti; András Chabin; Björn Döhring; Joao Leal | |
| 发表日期 | 2018-07-13 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | A key critique of commonly used macroeconomic models is their reliance on the assumption of rational expectations. This column addresses this concern with a model of currency unions wherein expectations are formed through behavioural reinforcement learning, that is, learning from past mistakes. The model suggests that economic integration is of crucial importance to the functioning of a currency union. Monetary policy, in contrast, can only play a limited stabilising role. |
| 主题 | Macroeconomic policy ; Monetary Policy |
| 关键词 | Rational expectations behavioural reinforcement learning Currency unions Economic integration monetary policy Fiscal policy |
| URL | https://cepr.org/voxeu/columns/resilient-growth-amid-increased-uncertainty-commissions-summer-interim-forecast |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/553582 |
| 推荐引用方式 GB/T 7714 | Marco Buti,András Chabin,Björn Döhring,et al. Resilient growth amid increased uncertainty: The Commission's Summer Interim Forecast. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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