Cars H. Hommes

Government of Canada - Bank of Canada

234 Wellington Street

Ontario, Ottawa K1A 0G9

Canada

CeNDEF, Amsterdam School of Economics, University of Amsterdam

Roetersstraat 11

Amsterdam, NL-1018WB

Netherlands

http://https://www.uva.nl/en/profile/h/o/c.h.hommes/c.h.hommes.html

Tinbergen Institute

Burg. Oudlaan 50

Rotterdam, 3062 PA

Netherlands

SCHOLARLY PAPERS

46

DOWNLOADS
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9,545

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Top 2,496

in Total Papers Citations

225

CROSSREF CITATIONS

297

Scholarly Papers (46)

1.

Economic Forecasting with an Agent-Based Model

Number of pages: 49 Posted: 18 Nov 2019 Last Revised: 06 Nov 2020
International Institute for Applied Systems Analysis (IIASA), Vienna University of Economics and Business and Government of Canada - Bank of Canada
Downloads 1,263 (22,939)
Citation 13

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agent-based models, behavioral macro, macroeconomic forecasting, micro data

2.

Heterogeneous Agent Models in Economics and Finance

Tinbergen Institute Discussion Paper No. TI 05-056/1
Number of pages: 70 Posted: 13 Jun 2005
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 1,020 (31,239)
Citation 50

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Interacting agents, behavioral economics, evolutionary finance, complex adaptive systems, nonlinear dynamics, numerical simulation

3.

A Dynamic Analysis of Moving Average Rules

Tinbergen Institute Discussion Paper No. TI 05-057/1
Number of pages: 29 Posted: 13 Jun 2005
Carl Chiarella, Xuezhong He and Cars H. Hommes
University of Technology, Sydney - UTS Business School, Finance Discipline Group, Xi'an Jiaotong-Liverpool University (XJTLU) and Government of Canada - Bank of Canada
Downloads 1,015 (31,465)
Citation 8

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Moving averages, fundamentalists, trend followers, stability, bifurcation, evolutionary switching

4.

Complex Evolutionary Systems in Behavioral Finance

Tinbergen Institute Discussion Paper No. 2008-054/1
Number of pages: 70 Posted: 27 May 2008
Cars H. Hommes and Florian Wagener
Government of Canada - Bank of Canada and University of Amsterdam - Center for Nonlinear Dynamics in Economics and Finance (CeNDEF) - Department of Quantitative Economics
Downloads 757 (47,135)
Citation 9

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Asset pricing, heterogeneous beliefs, empirical validation, forecasting experiments

5.
Downloads 537 ( 73,370)
Citation 93

Behavioral Heterogeneity in Stock Prices

Journal of Economic Dynamics and Control, Vol. 31, 2007
Number of pages: 40 Posted: 04 Feb 2009
H. Peter Boswijk, Cars H. Hommes and Sebastiano Manzan
Amsterdam School of Economics, Government of Canada - Bank of Canada and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 313 (135,458)
Citation 3

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heterogeneous expectations, stock prices, bubbles, bounded rationality

Behavioral Heterogeneity in Stock Prices

Tinbergen Discussion Paper No. TI 05-05/21
Number of pages: 37 Posted: 03 Mar 2005
H. Peter Boswijk, Cars H. Hommes and S. Manzan
Amsterdam School of Economics, Government of Canada - Bank of Canada and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 224 (189,731)
Citation 18

Abstract:

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Asset pricing, behavioral finance, bounded rationality

6.

A Nonlinear Structural Model for Volatility Clustering

Number of pages: 21 Posted: 23 Oct 2000
Andrea Gaunersdorfer and Cars H. Hommes
University of Vienna, Deparment of Finance and Government of Canada - Bank of Canada
Downloads 465 (87,405)
Citation 2

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7.
Downloads 353 (119,815)
Citation 28

Individual Expectations and Aggregate Macro Behavior

Tinbergen Institute Discussion Paper 13-016/II
Number of pages: 59 Posted: 15 Jan 2013 Last Revised: 11 Dec 2015
Catholic University of Milan, University of Amsterdam - Department of Quantitative Economics (KE), Government of Canada - Bank of Canada and Catholic University of Milan
Downloads 305 (139,293)
Citation 29

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Experiments, New Keynesian Macro Model, Monetary Policy, Expectations, Heterogeneity

Individual Expectations and Aggregate Macro Behavior

De Nederlandsche Bank Working Paper No. 298
Number of pages: 48 Posted: 31 Oct 2011
Catholic University of Milan, University of Amsterdam - Department of Quantitative Economics (KE), Government of Canada - Bank of Canada and Catholic University of Milan
Downloads 48 (542,782)
Citation 29

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Experiments, Monetary Policy, Expectations, Heterogeneity

8.

Interacting Agents in Finance

Tinbergen Institute Discussion Paper No. 06-029/1
Number of pages: 12 Posted: 31 Mar 2006
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 303 (140,976)
Citation 1

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heterogeneous agents, behavioral finance, bounded rationality, complexity

9.

Testing for Nonlinear Structure and Chaos in Economic Time Series

Tinbergen Institute Discussion Papers No. 2006-030/1
Number of pages: 12 Posted: 04 Apr 2006
Cars H. Hommes and S. Manzan
Government of Canada - Bank of Canada and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 300 (142,410)
Citation 4

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nonlinearity, chaos, noise, self-organized criticality, Mackey-Glass-GARCH

10.

Monetary Policy Under Behavioral Expectations: Theory and Experiment

European Economic Review, 2019, 118:193–212
Number of pages: 52 Posted: 28 Jul 2015 Last Revised: 08 Jul 2019
Cars H. Hommes, Domenico Massaro and Matthias Weber
Government of Canada - Bank of Canada, Catholic University of Milan and University of St. Gallen - School of Finance
Downloads 278 (153,975)
Citation 14

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Behavioral Macroeconomics, Experimental Macroeconomics, Heterogeneous Expectations, Learning-to-Forecast Experiment

11.

Behavioral & Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach

ECB Working Paper No. 2201
Number of pages: 104 Posted: 21 Nov 2018
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 266 (160,982)
Citation 11

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expectations feedback, learning, coordination failure, almost self-fulfilling equilibria, simple heuristics, experimental & behavioral macro-economics

12.

More Hedging Instruments May Destabilize Markets

TI Discussion Paper No. 06-080/1
Number of pages: 34 Posted: 28 Sep 2006 Last Revised: 27 May 2008
William A. Brock, Cars H. Hommes and Florian Wagener
University of Wisconsin, Madison - Department of Economics, Government of Canada - Bank of Canada and University of Amsterdam - Center for Nonlinear Dynamics in Economics and Finance (CeNDEF) - Department of Quantitative Economics
Downloads 227 (187,701)
Citation 26

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Asset pricing, hedging, reinforcement learning, nonlinear dynamics, bifurcations

The Formation of a Core Periphery Structure in Heterogeneous Financial Networks

Tinbergen Institute Discussion Paper 14-098/II
Number of pages: 56 Posted: 30 Jul 2014 Last Revised: 22 Jun 2019
Daan in 't Veld, Marco van der Leij and Cars H. Hommes
University of Amsterdam - Department of Quantitative Economics, CeNDEF, CeNDEF, University of Amsterdam and Government of Canada - Bank of Canada
Downloads 127 (308,096)
Citation 4

Abstract:

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financial networks, core periphery structure, network formation models

The Formation of a Core-Periphery Structure in Heterogeneous Financial Networks

De Nederlandsche Bank Working Paper No. 528
Number of pages: 65 Posted: 08 Nov 2016
Marco van der Leij, Daan in 't Veld and Cars H. Hommes
CeNDEF, University of Amsterdam, University of Amsterdam - Department of Quantitative Economics, CeNDEF and Government of Canada - Bank of Canada
Downloads 97 (372,045)
Citation 5

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financial networks, core-periphery structure, network formation models, over-the-counter markets, interbank market

14.

Heterogeneous Agent Models: Two Simple Case Studies

Tinbergen Institute Discussion Paper No. TI 05-055/1
Number of pages: 36 Posted: 06 Jun 2005
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 207 (204,783)
Citation 1

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Interacting agents, complex adaptive systems, evolutionary dynamics, bounded rationality, nonlinear dynamics, bifurcations and chaos

Identifying Booms and Busts in House Prices Under Heterogeneous Expectations

De Nederlandsche Bank Working Paper No. 450
Number of pages: 43 Posted: 04 Dec 2014
De Nederlandsche Bank (Dutch Central Bank), Bruegel, University of Amsterdam - Faculty of Economics and Business (FEB), Government of Canada - Bank of Canada and CeNDEF, University of Amsterdam
Downloads 160 (256,544)
Citation 16

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housing prices, heterogenous agents model, bounded rationality, bubbles

Identifying Booms and Busts in House Prices Under Heterogeneous Expectations

Tinbergen Institute Discussion Paper 14-157/II
Number of pages: 40 Posted: 24 Dec 2014
De Nederlandsche Bank (Dutch Central Bank), Bruegel, University of Amsterdam - Faculty of Economics and Business (FEB), Government of Canada - Bank of Canada and CeNDEF, University of Amsterdam
Downloads 41 (578,754)
Citation 16

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housing prices, heterogenous agents model, bounded rationality, bubbles

16.

Super-Exponential Bubbles in Lab Experiments: Evidence for Anchoring Over-Optimistic Expectations on Price

Swiss Finance Institute Research Paper No. 12-20
Number of pages: 27 Posted: 18 May 2012
Andreas D. Huesler, Didier Sornette and Cars H. Hommes
ETH Zürich, ETH Zürich - Department of Management, Technology, and Economics (D-MTEC) and Government of Canada - Bank of Canada
Downloads 191 (220,137)
Citation 3

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rational expectations, nancial bubbles, speculation, anchoring, laboratory experiments, behavioral model, super-exponential growth, positive feedback, behavioral expectations

17.

Booms, Busts and Behavioural Heterogeneity in Stock Prices

Tinbergen Institute Discussion Paper 15-088/II
Number of pages: 48 Posted: 28 Jul 2015
Cars H. Hommes and Daan in 't Veld
Government of Canada - Bank of Canada and University of Amsterdam - Department of Quantitative Economics, CeNDEF
Downloads 142 (281,697)
Citation 3

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behavioural finance, bounded rationality, heterogeneous expectations, stock prices, financial crisis

18.

Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations

Macroeconomic Dynamics, Forthcoming
Number of pages: 46 Posted: 07 May 2009 Last Revised: 03 Apr 2012
University of Technology Sydney (UTS), Catholic University of Milan, Government of Canada - Bank of Canada and Catholic University of Milan
Downloads 127 (306,806)
Citation 7

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Heterogeneous Expectations, Monetary Policy, Cumulative Process, Taylor Rule

Comparing Behavioural Heterogeneity Across Asset Classes

Number of pages: 43 Posted: 01 Apr 2017 Last Revised: 15 Sep 2017
Norges Bank, Government of Canada - Bank of Canada and VU University Amsterdam - Department of Finance and Financial Sector Management
Downloads 91 (387,580)
Citation 1

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financial markets, heterogeneous expectations, market stability

Comparing Behavioural Heterogeneity Across Asset Classes

Norges Bank Working Paper 12/17
Number of pages: 43 Posted: 08 Sep 2017
Norges Bank, Government of Canada - Bank of Canada and VU University Amsterdam - Department of Finance and Financial Sector Management
Downloads 31 (638,745)
Citation 1

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Financial Markets, Heterogeneous Expectations, Market Stability

Learning, Forecasting and Optimizing: An Experimental Study

European Economic Review, Vol. 61, No. July, 2013, Tinbergen Institute Discussion Paper No. 12-015/1
Number of pages: 52 Posted: 18 Feb 2012 Last Revised: 06 May 2016
Te Bao, John Duffy and Cars H. Hommes
Nanyang Technological University (NTU) - Division of Economics, University of California, Irvine and Government of Canada - Bank of Canada
Downloads 70 (452,281)
Citation 1

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Learning, Rational Expectations, Optimization, Experimental Economics, Bounded Rationality

Learning, Forecasting and Optimizing: An Experimental Study

European Economic Review, Vol. 61, 2013
Number of pages: 59 Posted: 16 Feb 2012 Last Revised: 13 May 2013
Te Bao, John Duffy and Cars H. Hommes
Nanyang Technological University (NTU) - Division of Economics, University of California, Irvine and Government of Canada - Bank of Canada
Downloads 52 (524,004)
Citation 5

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learning, rational expectations, optimization, experimental economics, bounded rationality

Coordination of Expectations in Asset Pricing Experiments

Tinbergen Institute Discussion Paper No. 2003-010/1
Number of pages: 36 Posted: 19 May 2003
Government of Canada - Bank of Canada, University of Amsterdam - Amsterdam School of Economics (ASE), University of Amsterdam - Department of Quantitative Economics (KE) and University of Amsterdam - Amsterdam School of Economics (ASE)
Downloads 113 (335,372)
Citation 58

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experimental economics, expectations, asset pricing, coordination

Coordination of Expectations in Asset Pricing Experiments

The Review of Financial Studies, Vol. 18, Issue 3, pp. 955-980, 2005
Posted: 29 Feb 2008
Government of Canada - Bank of Canada, University of Amsterdam - Amsterdam School of Economics (ASE), University of Amsterdam - Department of Quantitative Economics (KE) and University of Amsterdam - Amsterdam School of Economics (ASE)

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time optimal control problems, Neumann parabolic equations with an infinite number of variables, Dubovitskii-Milyutin theorem, conical approximations, optimality conditions, Weierstrass theorem

Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises

Number of pages: 39 Posted: 04 Jul 2012 Last Revised: 05 Jul 2012
Tiziana Assenza, Cars H. Hommes and William A. Brock
Catholic University of Milan, Government of Canada - Bank of Canada and University of Wisconsin, Madison - Department of Economics
Downloads 112 (337,535)
Citation 2

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Heterogeneous Expectations, Crises, Animal Spirits

Animal Spirits, Heterogeneous Expectations, and the Amplification and Duration of Crises

Economic Inquiry, Vol. 55, Issue 1, pp. 542-564, 2017
Number of pages: 23 Posted: 21 Nov 2016
Tiziana Assenza, William A. Brock and Cars H. Hommes
Catholic University of Milan, University of Wisconsin, Madison - Department of Economics and Government of Canada - Bank of Canada
Downloads 0

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23.

Bubble Formation and (In)Efficient Markets in Learning-to-Forecast and -Optimise Experiments

Economic Journal, Forthcoming, Tinbergen Institute Discussion Paper 15-107/II
Number of pages: 55 Posted: 08 Sep 2015
Te Bao, Cars H. Hommes and Tomasz Makarewicz
Nanyang Technological University (NTU) - Division of Economics, Government of Canada - Bank of Canada and University of Bamberg
Downloads 101 (359,724)
Citation 10

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Financial Bubbles, Experimental Finance, Rational Expectations, Learning to Forecast, Learning to Optimize

Individual Expectations, Limited Rationality and Aggregate Outcomes

Journal of Economic Dynamics and Control, Vol. 36, No. 8, 2012, Tinbergen Institute Discussion Paper No. 12-016/1
Number of pages: 45 Posted: 18 Feb 2012 Last Revised: 08 Oct 2012
Te Bao, Cars H. Hommes, Joep Sonnemans and Jan Tuinstra
Nanyang Technological University (NTU) - Division of Economics, Government of Canada - Bank of Canada, University of Amsterdam - Amsterdam School of Economics (ASE) and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 62 (481,879)
Citation 7

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Expectation feedback, under- and over-reaction, strategic substitutes and strategic complements, heuristic switching model, experimental economics

Individual Expectations, Limited Rationality and Aggregate Outcomes

Number of pages: 41 Posted: 15 Apr 2011
Te Bao, Cars H. Hommes, Joep Sonnemans and Jan Tuinstra
Nanyang Technological University (NTU) - Division of Economics, Government of Canada - Bank of Canada, University of Amsterdam - Amsterdam School of Economics (ASE) and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 37 (601,196)
Citation 4

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Expectation feedback, under- and overreaction, strategic substitutes and strategic complements, heuristic switching model, experimental economics

25.

Do Investors Trade Too Much? A Laboratory Experiment

Number of pages: 57 Posted: 11 Dec 2015
CentraleSupélec, Catholic University of Milan, Capital Fund Management, CentraleSupélec and Government of Canada - Bank of Canada
Downloads 98 (366,827)

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26.

Learning in Cobweb Experiments

Tinbergen Institute Discussion Paper No. 2003-020/1
Number of pages: 29 Posted: 12 Jun 2003
Government of Canada - Bank of Canada, University of Amsterdam - Amsterdam School of Economics (ASE), University of Amsterdam - Department of Quantitative Economics (KE) and University of Amsterdam - Amsterdam School of Economics (ASE)
Downloads 83 (406,143)
Citation 8

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expectations, learning, cobweb dynamics, excess volatility

27.

Reflexivity, Expectations Feedback and Almost Self-Fulfilling Equilibria: Economic Theory, Empirical Evidence and Laboratory Experiments

Tinbergen Institute Discussion Paper 13-206/II
Number of pages: 24 Posted: 20 Dec 2013
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 77 (424,136)

Abstract:

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expectation feedback, self-fulfilling beliefs, heuristic switching model, experimental macroeconomics

28.

Simple Forecasting Heuristics that Make Us Smart: Evidence from Different Market Experiments

Number of pages: 50 Posted: 24 Jul 2015
Mikhail Anufriev, Cars H. Hommes and Tomasz Makarewicz
University of Technology Sydney (UTS), Government of Canada - Bank of Canada and University of Bamberg
Downloads 70 (446,663)
Citation 11

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Expectation Formation, Learning to Forecast Experiment, Genetic Algorithm Model of Individual Learning

29.

Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts

Tinbergen Institute Discussion Paper 13-205/II
Number of pages: 39 Posted: 20 Dec 2013
Tiziana Assenza, William A. Brock and Cars H. Hommes
Catholic University of Milan, University of Wisconsin, Madison - Department of Economics and Government of Canada - Bank of Canada
Downloads 65 (463,972)
Citation 2

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Heterogeneous Expectations, Crises, Animal Spirits

30.

Forward Guidance and the Role of Central Bank Credibility under Heterogeneous Beliefs

De Nederlandsche Bank Working Paper No. 614
Number of pages: 56 Posted: 06 Dec 2018
Gavin Goy, Cars H. Hommes and Kostas Mavromatis
De Nederlandsche Bank, Government of Canada - Bank of Canada and De Nederlandsche Bank
Downloads 61 (478,956)
Citation 9

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Forward Guidance, Heterogeneous Beliefs, Bounded Rationality, Central Bank Learning

31.

Expectation Formation in Finance and Macroeconomics: A Review of New Experimental Evidence

Bao, T., Hommes, C., & Pei, J. (2021). Expectation Formation in Finance and Macroeconomics: a Review of New Experimental Evidence. Journal of Behavioral and Experimental Finance, 100591.
Number of pages: 26 Posted: 21 Aug 2021 Last Revised: 07 Oct 2021
Te Bao, Cars H. Hommes and Jiaoying Pei
Nanyang Technological University (NTU) - Division of Economics, Government of Canada - Bank of Canada and Division of Economics, School of Social Sciences, NEWRI-EPMC, Interdisciplinary Graduate Programme, Nanyang Technological UniversityNanyang Technological University (NTU), School of Humanities & Social Sciences, Division of Economics, Students
Downloads 59 (486,650)

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Learning to Forecast Experiment; Experimental Finance, Rational Expectations; Bubbles and Crashes; Behavioral Finance

32.

Behavioral Learning Equilibria in the New Keynesian Model

De Nederlandsche Bank Working Paper No. 654
Number of pages: 73 Posted: 16 Sep 2019
Cars H. Hommes, Kostas Mavromatis, Tolga Ozden and Mei Zhu
Government of Canada - Bank of Canada, De Nederlandsche Bank, University of Amsterdam, Faculty of Economics and Business (FEB), Students and Shanghai University of Finance and Economics
Downloads 58 (490,540)
Citation 6

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Bounded Rationality, Behavioral Learning Equilibrium, Adaptive Learning, Behavioral New Keynesian Macro-Model, Monetary Policy

33.

Production Delay and Belief Distributions in a Continuous-Time Cobweb Model

Number of pages: 33 Posted: 21 Feb 2017
Cars H. Hommes and Kai Li
Government of Canada - Bank of Canada and Macquarie Business School, Macquarie University
Downloads 57 (494,387)

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Cobweb model, heterogeneity, adaptiveness, production delay, belief distribution, stability, chaos

34.

Behavioral Learning Equilibria

Tinbergen Institute Discussion Paper 13-014/II
Number of pages: 52 Posted: 15 Jan 2013
Cars H. Hommes and Mei Zhu
Government of Canada - Bank of Canada and Shanghai University of Finance and Economics
Downloads 54 (506,608)
Citation 4

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Bounded rationality, Stochastic consistent expectations equilibrium, Adaptive learning, Excess volatility, Inflation persistence

35.

Innovate or Imitate? Behavioural Technological Change

Tinbergen Institute Discussion Paper 13-099/II
Number of pages: 30 Posted: 27 Jul 2013
Cars H. Hommes and Paolo Zeppini
Government of Canada - Bank of Canada and Eindhoven University of Technology (TUE)
Downloads 53 (510,818)
Citation 1

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C62, C73, D21, O33

36.

Behaviorally Rational Expectations and Almost Self-Fulfilling Equilibria

Tinbergen Institute Discussion Paper 13-204/II
Number of pages: 30 Posted: 20 Dec 2013
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 52 (515,099)
Citation 7

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expectation feedback, self-fulfilling beliefs, heuristic switching model, experimental economics

The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey

Tinbergen Institute Discussion Paper 2021-096/VI
Number of pages: 60 Posted: 12 Nov 2021
Alexander Hodbod, Cars H. Hommes and Isabelle Salle
European Central Bank (ECB), Government of Canada - Bank of Canada and Government of Canada - Bank of Canada
Downloads 18 (741,063)

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COVID-19, household behavior, consumption, expectations, experiences, consumer preferences, economic resilience, sectoral changes, zombification, fiscal policy

38.

Internal Rationality, Heterogeneity, and Complexity in the New Keynesian Model

Number of pages: 58 Posted: 28 Dec 2017
Cars H. Hommes, Robert Jump and Paul Levine
Government of Canada - Bank of Canada, University of the West of England (UWE) - Department of Accounting, Economics, and Finance and School of Economics, University of Surrey
Downloads 39 (577,055)
Citation 2

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New Keynesian behavioural model, internal rationality, heterogeneous expectations

39.

Bubbles, Crashes and Information Contagion in Large-Group Asset Market Experiments

Tinbergen Institute Discussion Paper 2019-016/II
Number of pages: 46 Posted: 13 Mar 2019
Government of Canada - Bank of Canada, Radboud University Nijmegen - Department of Economics and University of Amsterdam - Amsterdam School of Economics (ASE)
Downloads 36 (593,386)
Citation 6

Abstract:

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experimental finance, expectation formation, learning to forecast, financial bubbles

40.

Production Delays and Price Dynamics

Number of pages: 37 Posted: 24 Sep 2021
Cars H. Hommes, Kai Li and Florian Wagener
Government of Canada - Bank of Canada, Macquarie Business School, Macquarie University and University of Amsterdam - Center for Nonlinear Dynamics in Economics and Finance (CeNDEF) - Department of Quantitative Economics
Downloads 33 (610,641)

Abstract:

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Cobweb model, heterogeneity, adaptiveness, production delay, stabil- ity, chaos

41.

Inflation Expectations and Stability in an Overlapping Generations Experiment with Money Creation

De Nederlandsche Bank Working Paper No. 241
Number of pages: 77 Posted: 21 Oct 2011
University of Amsterdam - Department of Quantitative Economics (KE), Government of Canada - Bank of Canada, University of Amsterdam - Amsterdam School of Economics (ASE) and University of Amsterdam - Department of Quantitative Economics (KE)
Downloads 26 (655,770)

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Experimental economics, Expectations feedback, Inflation expectations, Price stability, Anchoring

42.

From Self-Fulfilling Mistakes to Behavioral Learning Equilibria

Number of pages: 39 Posted: 30 Jan 2017
Cars H. Hommes
Government of Canada - Bank of Canada
Downloads 25 (662,975)

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expectations, learning, bounded rationality, chaos, almost self-fulfilling equilibria, laboratory experiments

43.

Leverage cycles when banks have a choice

Number of pages: 41 Posted: 12 Jul 2021
Eva Levelt, Kostas Mavromatis and Cars H. Hommes
University of Amsterdam, Faculty of Economics and Business (FEB), Students, De Nederlandsche Bank and Government of Canada - Bank of Canada
Downloads 20 (700,981)

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Leverage, Heuristic Switching Model, Short-selling

44.

Planar Learning to Forecast Market Games

Number of pages: 38 Posted: 12 Jul 2021
Eva Levelt, Cars H. Hommes and Myrna Hennequin
University of Amsterdam, Faculty of Economics and Business (FEB), Students, Government of Canada - Bank of Canada and University of Sussex
Downloads 15 (742,347)

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Learning to Forecast Experiment, Heuristic Switching Model

45.

Monetary and Fiscal Policy Design at the Zero Lower Bound: Evidence from the Lab

Economic Inquiry, Vol. 57, Issue 2, pp. 1120-1140, 2019
Number of pages: 21 Posted: 27 Feb 2019
Cars H. Hommes, Domenico Massaro and Isabelle Salle
Government of Canada - Bank of Canada, Catholic University of Milan and Government of Canada - Bank of Canada
Downloads 1 (889,061)

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46.

Success and Failure of Technical Analysis in the Cocoa Futures Market

Posted: 20 Jun 2005
Amsterdam School of Economics, University of Amsterdam - Faculty of Economics and Business (FEB) and Government of Canada - Bank of Canada

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technical analysis, parametric bootstrap techniques, commodity futures, exchange rate