| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24545 |
| 来源ID | Working Paper 24545 |
| Myopia and Anchoring | |
| George-Marios Angeletos; Zhen Huo | |
| 发表日期 | 2018-04-30 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We develop an equivalence between the equilibrium effects of incomplete information and those of two behavioral distortions: myopia, or extra discounting of the future; and anchoring of current behavior to past behavior, as in models with habit persistence or adjustment costs. We show how these distortions depend on higher-order beliefs and GE mechanisms, and how they can be disciplined by evidence on expectations. We finally illustrate the use of our toolbox with a quantitative application in the context of inflation, a bridge to the HANK literature, and an extension to networks. |
| 主题 | Microeconomics ; Economics of Information ; Macroeconomics ; Macroeconomic Models ; Business Cycles ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w24545 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582218 |
| 推荐引用方式 GB/T 7714 | George-Marios Angeletos,Zhen Huo. Myopia and Anchoring. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24545.pdf（893KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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