The paper moves from a discussion of the challenges posed by the crisis to standard
macroeconomics and the solutions adopted within the DSGE community. Although several …

Macroeconomic modelling has been under intense scrutiny since the Great Financial Crisis,
when serious shortcomings were exposed in the methodology used to understand the …

Macroeconomic modelling has been under intense scrutiny since the Great Financial Crisis,
when serious shortcomings were exposed in the methodology used to understand the …

This paper tests the ability of New Keynesian models to match the data regarding a key
channel for monetary transmission: the dynamic interactions between macroeconomic …

The paper investigates the emergence of complex market expectations (opinion dynamics)
around nominal exchange rate adjustments using a macro-financial model of a small open …

The aim of the paper is to analyze changes and peculiarities of behavior of economic agents
with bounded rationality in the New Keynesian model, in which imported equipment and …

We study monetary policy in a New Keynesian model with heterogeneity in expectations.
Agents may choose from a continuum of forecasting rules and adjust their expectations …

This note illustrates a simple but important insight for financial investment. In a
heterogeneous agent‐based evolutionary finance market model with long‐lived assets …

As expectations are driven by information, its selection is central in explaining common
knowledge building and unraveling in financial markets. This paper addresses this …

In financial markets, information constitutes a crucial factor contributing to the evolution of
the system, while the presence of heterogeneous investors ensures its flow among financial …