Blar i Norges Banks vitenarkiv på forfatter "Borge, Anette"
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Expectations switching in a DSGE model of the UK
Borge, Anette; Bårdsen, Gunnar; Maih, Junior (Working Paper;4/2020, Working paper, 2020)Rational expectations (RE) has been dominant both in the economic literature and in the macromodels routinely used in central banks. The RE assumption has recently come under attack as one of the drawbacks of the Dynamic ...