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dc.contributor.authorWesterhoff, Franken
dc.date.accessioned2012-01-27-
dc.date.accessioned2012-02-03T13:07:34Z-
dc.date.available2012-02-03T13:07:34Z-
dc.date.issued2011-
dc.identifier.isbn978-3-931052-95-9en
dc.identifier.urihttp://hdl.handle.net/10419/54992-
dc.description.abstractWe develop a simple behavioral macro model to study interactions between the real economy and the stock market. The real economy is represented by a Keynesian goods market approach while the setup for the stock market includes heterogeneous speculators. Using a mixture of analytical and numerical tools we find, for instance, that speculators may create endogenous boom-bust dynamics in the stock market which, by spilling over into the real economy, can cause lasting fluctuations in economic activity. However, fluctuations in economic activity may, by shaping the firms' fundamental values, also have an impact on the dynamics of the stock market.en
dc.language.isoengen
dc.publisher|aBamberg University, Bamberg Economic Research Group (BERG) |cBambergen
dc.relation.ispartofseries|aBERG Working Paper Series |x84en
dc.subject.jelD84en
dc.subject.jelE12en
dc.subject.jelG12en
dc.subject.ddc330en
dc.subject.keywordgoods marketen
dc.subject.keywordstock marketen
dc.subject.keywordheterogeneous speculatorsen
dc.subject.keywordstability analysisen
dc.subject.keywordcomplex dynamicsen
dc.titleInteractions between the real economy and the stock market-
dc.typeWorking Paperen
dc.identifier.ppn684357291en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bamber:84en

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