Three essays on expectation driven business cycles
This thesis studies business cycles driven by agents' expectation of future technology changes. The first chapter explores the effects which nominal rigidities and monetary policies have on the generation of Pigou cycles. The optimal response of the central bank is analyzed under circumstances...
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2009
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| Online Access: | http://spectrum.library.concordia.ca/976603/1/NR63423.pdf Guo, Shen <http://spectrum.library.concordia.ca/view/creators/Guo=3AShen=3A=3A.html> (2009) Three essays on expectation driven business cycles. PhD thesis, Concordia University. |