For a long time shifts in agents expectations have been believed to have impor- tant implications upon aggregate fluctuations, but have received relatively little attention among macroeconomists. Not only have the dot-com boom and the Great Recession led to a revival of this idea, they have placed it firmly at the centre of a new wave of research about the impact of expectations and news. This thesis contributes to a better understanding of the role of news for busi- ness cycle fluctuations. Particular attention is paid to news and anticipation effects in conjunction with learning and the role of financial intermediation.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:555509 |
| Date | January 2011 |
| Creators | Gortz, Christoph Gerhard |
| Publisher | University of Nottingham |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
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