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期刊名：International journal of central banking

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ISSN：1815-4654

e-ISSN：1815-7556

IF/分区：1.5/Q3

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Investment Dynamics with Natural Expectations [0.03%] 基于自然预期的投资动态分析模型

Andreas Fuster,Benjamin Hebert,David Laibson Andreas Fuster

We study an investment model in which agents have the wrong beliefs about the dynamic properties of fundamentals. Specifically, we assume that agents underestimate the rate of mean reversion. The model exhibits the following six properties:...

International journal of central banking. 2010 Jan;8(81):243-265. DOI: 2010