锚固
经济
背景(考古学)
贴现
习惯
膨胀(宇宙学)
等价(形式语言)
微观经济学
计量经济学
心理学
社会心理学
数学
离散数学
古生物学
物理
生物
理论物理学
财务
作者
George-Marios Angeletos,Zhen Huo
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. (JEL C53, D83, D85, E12, E31, E37)
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