Abstract We use a New Keynesian behavioral macroeconomic model to analyze how
structural reforms affect the economy. There are two types of structural reforms. The first one …

Modern macroeconomics has been based on the paradigm of the rational individual
capable of understanding the complexity of the world. This has created a very shallow theory …

We develop an agent-based model in which heterogeneous firms and households interact
in labor and good markets according to centralized or decentralized search and matching …

We study the possibility of (almost) self-fulfilling waves of optimism and pessimism and self-
fulfilling liquidity traps in a New Keynesian model with a continuum of heterogeneous …

This paper offers an overview of the literature on the economic and financial applications of
theory of nonlinear dynamics, especially bifurcation theory. After a short introductory …

This paper considers a standard New Keynesian model with heterogeneous expectations
on the future level of inflation and output. A biased perception of the target pursued by the …

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 …

The behavioral economics literature using evolutionary discrete choice models assumes
that choices are made based on a logit framework. This logit assumption comes with key …

We study a New Keynesian model with bounded rationality, where agents choose their
expectations heterogeneously from a discrete choice set. The range of their set of possible …

We study the dynamic behavior of heterogeneous markets with many types of agents. In
particular this paper aims at studying the effects of a change in the number n of agents, who …