updates

Author: HumphreyYang

lectures/_static/quant-econ.bib

@@ -3101,86 +3101,6 @@ @article{szoke2022estimating
   doi     = {10.1016/j.jet.2021.105225}
 }
 
-@article{Atkeson1991,
-  author  = {Andrew Atkeson},
-  title   = {International Lending with Moral Hazard and Risk of Repudiation},
-  journal = {Econometrica},
-  year    = {1991},
-  volume  = {59},
-  number  = {4},
-  pages   = {1069--1089}
-}
-
-@article{APS1986,
-  author  = {Dilip Abreu and David Pearce and Ennio Stacchetti},
-  title   = {Optimal Cartel Equilibria with Imperfect Monitoring},
-  journal = {Journal of Economic Theory},
-  year    = {1986},
-  volume  = {39},
-  number  = {1},
-  pages   = {251--269}
-}
-
-@article{BulowRogoff1989a,
-  author  = {Jeremy Bulow and Kenneth Rogoff},
-  title   = {A Constant Recontracting Model of Sovereign Debt},
-  journal = {Journal of Political Economy},
-  year    = {1989},
-  volume  = {97},
-  number  = {1},
-  pages   = {155--178}
-}
-
-@article{BulowRogoff1989b,
-  author  = {Jeremy Bulow and Kenneth Rogoff},
-  title   = {Sovereign Debt: Is to Forgive to Forget?},
-  journal = {American Economic Review},
-  year    = {1989},
-  volume  = {79},
-  number  = {1},
-  pages   = {43--50}
-}
-
-@article{GrossmanVanHuyck1988,
-  author  = {Herschel I. Grossman and John B. Van Huyck},
-  title   = {Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation},
-  journal = {American Economic Review},
-  year    = {1988},
-  volume  = {78},
-  number  = {5},
-  pages   = {1088--1097}
-}
-
-@article{GrossmanHart1983,
-  author  = {Sanford J. Grossman and Oliver D. Hart},
-  title   = {An Analysis of the Principal-Agent Problem},
-  journal = {Econometrica},
-  year    = {1983},
-  volume  = {51},
-  number  = {1},
-  pages   = {7--45}
-}
-
-@article{Rogerson1985,
-  author  = {William P. Rogerson},
-  title   = {Repeated Moral Hazard},
-  journal = {Econometrica},
-  year    = {1985},
-  volume  = {53},
-  number  = {1},
-  pages   = {69--76}
-}
-
-@article{FudenbergHolmstromMilgrom1990,
-  author  = {Drew Fudenberg and Bengt Holmstrom and Paul Milgrom},
-  title   = {Short-Term Contracts and Long-Term Agency Relationships},
-  journal = {Journal of Economic Theory},
-  year    = {1990},
-  volume  = {51},
-  number  = {1},
-  pages   = {1--31}
-}
-
 @article{EichengrehenPortes1986,
   author  = {Barry Eichengreen and Richard Portes},
   title   = {Debt and Default in the 1930s: Causes and Consequences},
@@ -3191,90 +3111,103 @@ @article{EichengrehenPortes1986
   pages   = {599--640}
 }
 
-@incollection{LindertMorton1989,
-  author    = {Peter H. Lindert and Peter J. Morton},
-  title     = {How Sovereign Debt Has Worked},
-  booktitle = {Developing Country Debt and Economic Performance, Vol.\ 1},
-  editor    = {Jeffrey D. Sachs},
-  publisher = {University of Chicago Press},
-  year      = {1989},
-  pages     = {39--106}
-}
-
-@article{Tsyrennikov2013,
-  author  = {Viktor Tsyrennikov},
-  title   = {Capital flows under moral hazard},
-  journal = {Journal of Monetary Economics},
-  year    = {2013},
-  volume  = {60},
-  pages   = {92--108}
-}
-
-@article{GertlerRogoff1990,
-  author  = {Mark Gertler and Kenneth Rogoff},
-  title   = {North-South lending and endogenous domestic capital market inefficiencies},
-  journal = {Journal of Monetary Economics},
-  year    = {1990},
-  volume  = {26},
-  pages   = {245--266}
+@article{bhandari2025survey,
+  title={Survey data and subjective beliefs in business cycle models},
+  author={Bhandari, Anmol and Borovi{\v{c}}ka, Jaroslav and Ho, Paul},
+  journal={Review of Economic Studies},
+  volume={92},
+  number={3},
+  pages={1375--1437},
+  year={2025},
+  publisher={Oxford University Press UK}
 }
 
-@article{AtkesonLucas1992,
-  author  = {Andrew Atkeson and Robert E. Lucas},
-  title   = {On Efficient Distribution with Private Information},
-  journal = {Review of Economic Studies},
-  year    = {1992},
-  volume  = {59},
-  number  = {3},
-  pages   = {427--453}
+@article{BhandariBorovickaHo2024,
+  author    = {Bhandari, Anmol and Borov{\v{c}}ka, Jaroslav and Ho, Paul},
+  title     = {Survey Data and Subjective Beliefs in Business Cycle Models},
+  journal   = {Review of Economic Studies},
+  year      = {2024},
+  volume    = {91},
+  number    = {3},
+  pages     = {1359--1395},
+  doi       = {10.1093/restud/rdad082},
+  note      = {NBER Working Paper No.\ 25192}
 }
 
-@article{ThomasWorrall1990,
-  author  = {Jonathan Thomas and Tim Worrall},
-  title   = {Income fluctuation and asymmetric information},
-  journal = {Journal of Economic Theory},
-  year    = {1990},
-  volume  = {51},
-  number  = {2},
-  pages   = {367--390}
+@article{IlutSchneider2014,
+  author    = {Ilut, Cosmin L. and Schneider, Martin},
+  title     = {Ambiguous Business Cycles},
+  journal   = {American Economic Review},
+  year      = {2014},
+  volume    = {104},
+  number    = {8},
+  pages     = {2368--2399},
+  doi       = {10.1257/aer.104.8.2368}
 }
 
-@article{EatonGersowitz1981,
-  author  = {Jonathan Eaton and Mark Gersovitz},
-  title   = {Debt with Potential Repudiation: Theoretical and Empirical Analysis},
-  journal = {Review of Economic Studies},
-  year    = {1981},
-  volume  = {48},
-  number  = {2},
-  pages   = {289--309}
+@article{ChristianoEichenbaumTrabandt2016,
+  author    = {Christiano, Lawrence J. and Eichenbaum, Martin S.
+               and Trabandt, Mathias},
+  title     = {Unemployment and Business Cycles},
+  journal   = {Econometrica},
+  year      = {2016},
+  volume    = {84},
+  number    = {4},
+  pages     = {1523--1569},
+  doi       = {10.3982/ECTA11776}
 }
 
-@article{NeuemeyerPerri2005,
-  author  = {Andr{\'e}s Neumeyer and Fabrizio Perri},
-  title   = {Business cycles in emerging economies: the role of interest rates},
-  journal = {Journal of Monetary Economics},
-  year    = {2005},
-  volume  = {52},
-  number  = {2},
-  pages   = {345--380}
+@article{Shimer2005,
+  author    = {Shimer, Robert},
+  title     = {The Cyclical Behavior of Equilibrium Unemployment and Vacancies},
+  journal   = {American Economic Review},
+  year      = {2005},
+  volume    = {95},
+  number    = {1},
+  pages     = {25--49},
+  doi       = {10.1257/0002828053828572}
 }
 
-@article{AguiarGopinath2006,
-  author  = {Mark Aguiar and Gita Gopinath},
-  title   = {Defaultable Debt, Interest Rates and the Current Account},
-  journal = {Journal of International Economics},
-  year    = {2006},
-  volume  = {69},
-  number  = {1},
-  pages   = {64--83}
+@article{MankiwReisWolfers2003,
+  author    = {Mankiw, N. Gregory and Reis, Ricardo and Wolfers, Justin},
+  title     = {Disagreement about Inflation Expectations},
+  journal   = {NBER Macroeconomics Annual},
+  year      = {2003},
+  volume    = {18},
+  pages     = {209--248},
+  doi       = {10.1086/ma.18.3585256}
+}
+
+@article{RavennaWalsh2008,
+  author    = {Ravenna, Federico and Walsh, Carl E.},
+  title     = {Vacancies, Unemployment, and the Phillips Curve},
+  journal   = {European Economic Review},
+  year      = {2008},
+  volume    = {52},
+  number    = {8},
+  pages     = {1494--1521},
+  doi       = {10.1016/j.euroecorev.2008.03.001}
+}
+
+@article{BorovickaHansen2014,
+  author    = {Borov{\v{c}}ka, Jaroslav and Hansen, Lars Peter},
+  title     = {Examining Macroeconomic Models through the Lens of Asset Pricing},
+  journal   = {Journal of Econometrics},
+  year      = {2014},
+  volume    = {183},
+  number    = {1},
+  pages     = {67--90},
+  doi       = {10.1016/j.jeconom.2014.06.006}
 }
 
-@article{AguiarGopinath2007,
-  author  = {Mark Aguiar and Gita Gopinath},
-  title   = {Emerging Market Business Cycles: The Cycle Is the Trend},
-  journal = {Journal of Political Economy},
-  year    = {2007},
-  volume  = {115},
-  number  = {1},
-  pages   = {69--102}
+@article{CoibionGorodnichenko2015,
+  author    = {Coibion, Olivier and Gorodnichenko, Yuriy},
+  title     = {Information Rigidity and the Expectations Formation Process:
+               A Simple Framework and New Facts},
+  journal   = {American Economic Review},
+  year      = {2015},
+  volume    = {105},
+  number    = {8},
+  pages     = {2644--2678},
+  doi       = {10.1257/aer.20130921}
 }

lectures/_toc.yml

@@ -44,6 +44,7 @@ parts:
   - file: five_preferences
   - file: entropy
   - file: robustness
+  - file: subjective_beliefs_business_cycles
   - file: rob_markov_perf
 - caption: Time Series Models
   numbered: true