The Role of Expectations and Expectation Errors in Busine...
Karnizova, Lilia
What drives business cycles? Traditional explanations, based on policy interventions and supply side changes, have been found empirically incomplete. This book examines the relative contribution of changes in beliefs to business cycles from theoretical and empirical perspectives. It consists of three essays, analyzing the Internet investment boom and bust in the US, the long-run predictability of US total factor productivity and the properties...