Research

Working Papers

Publications

Adaptive Learning in Regime-switching Models -- with Troy Davig and Bruce McGough -- forthcoming Macroeconomic Dynamics, September 2011.

 

Learning about Risk and Return: A Simple Model of Bubbles and Crashes -- with George Evans --  American Economic Journal: Macroeconomics, July 2011.

 

Business Cycle Amplification with Heterogeneous Expectations -- with Bruce McGough -- Economic Theory,  March 2010.

 

Monetary Policy and Heterogeneous Expectations -- with George Evans --  Economic Theory, March 2010.

 

Dynamic Predictor Selection in a New Keynesian Model with Heterogeneous Expectations -- with Bruce McGough -- Journal of Economic Dynamics and Control, February 2010.

 

Asset Return Dynamics and Learning -- with George Evans -- Review of Financial Studies, June 2009.

 

A New Keynesian Model with Heterogeneous Expectations -- with Bruce McGough -- Journal of Economic Dynamics and Control, May 2009.

 

Monetary Policy, Endogenous Inattention, and the Volatility Trade-off -- with John Carlson, George Evans, and Bruce McGough -- Economic Journal, January 2009.

 

Monetary-Fiscal Policy Interactions under Implementable Monetary Policy Rules -- with Troy Davig and Bruce McGough -- Journal of Money, Credit, and Banking, December 2007.

 

Model Uncertainty and Endogenous Volatility -- with George Evans -- Review of Economic Dynamics, April 2007.

 

Restricted Perceptions Equilibria and Learning in Macroeconomics -- in Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General Equilibrium Model, ed. David Colander, Cambridge University Press, March 2004.

 

Sticky Information and Model Uncertainty in Survey Data on Inflation Expectations -- Journal of Economic Dynamics and Control, January 2007.

 

Replicator Dynamics in a Cobweb Model with Rationally Heterogeneous Expectations -- with Bruce McGough -- Journal of Economic Behavior and Organization,  April 2008.

 

A Simple Recursive Forecasting Model -- with George Evans -- Economics Letters, May 2006.

 

Intrinsic Heterogeneity in Expectation Formation -- with George Evans -- Journal of Economic Theory, March 2006.

 

Multiple Equilibria in Heterogeneous Expectations Models -- with Bruce McGough -- Contributions in Macroeconomics, December 2004.

 

The Theory of Rationally Heterogeneous Expectations: Evidence from Survey Data on Inflation Expectations -- Economic Journal, July 2004.

 

Consistent Expectations and Misspecification in Stochastic Non-linear Economies -- with Bruce McGough -- Journal of Economic Dynamics and Control, April 2005.

 

Local Convergence Properties of a Cobweb Model with Rationally Heterogeneous Expectations -- Journal of Economic Dynamics and Control, November 2002.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unstable Inflation Targets -- with George Evans --  August 2011

Bubbles, Crashes, and Risk -- with George Evans -- August 2011

Finite Horizon Learning -- with George Evans and Bruce McGough -- August 2011

 

Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy -- with John Carlson, George Evans and Bruce McGough -- August 2011