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A behavioral macroeconomic model
The transmission of shocks
Trade-offs between output and inflation variability
Flexibility,animal spirits and stabilization
Animal spirits and the nature of macroeconomic shocks
Stock prices and monetary policy
Extensions of the basic model
Empirical issues.
The transmission of shocks
Trade-offs between output and inflation variability
Flexibility,animal spirits and stabilization
Animal spirits and the nature of macroeconomic shocks
Stock prices and monetary policy
Extensions of the basic model
Empirical issues.