Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/38896 
Kompletter Metadatensatz
Erscheint in der Sammlung:
DublinCore-FeldWertSprache
dc.contributor.authorDe Grauwe, Paulen
dc.date.accessioned2010-05-20-
dc.date.accessioned2010-08-18T11:17:59Z-
dc.date.available2010-08-18T11:17:59Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/38896-
dc.description.abstractI distinguish two types of macroeconomic models. The first type are top-down models in which some or all agents are capable of understanding the whole picture and use this superior information to determine their optimal plans. The second type are bottom-up models in which all agents experience cognitive limitations. As a result, these agents are only capable of understanding and using small bits of information. These are models in which agents use simple rules of behavior. These models are not devoid of rationality. Agents in these models behave rationally in that they are willing to learn from their mistakes. These two types of models produce a radically different macroeconomic dynamics. I analyze these differences.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3020en
dc.subject.jelE10en
dc.subject.jelE32en
dc.subject.jelD83en
dc.subject.ddc330en
dc.subject.keywordDSGE-modelen
dc.subject.keywordimperfect informationen
dc.subject.keywordheuristicsen
dc.subject.keywordanimal spiritsen
dc.subject.stwMakroökonomiken
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwSunspoten
dc.subject.stwUnvollkommene Informationen
dc.subject.stwMikroökonomische Fundierungen
dc.subject.stwTheorieen
dc.titleTop-down versus bottom-up macroeconomics-
dc.typeWorking Paperen
dc.identifier.ppn626618568en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
452.18 kB





Publikationen in EconStor sind urheberrechtlich geschützt.