updated October 6, 2011
Papers are in pdf form
"The Kesten-Stigum
Model and the Treatment of Uncertainty in Equilibrium Theory," in Essays
on Behavior Under Uncertainty (Chapter 13), edited by M. Balch, D. McFadden
and S. Wu, North Holland Publishing (1974); 389-99.
" On the Structure and Diversity of
Rational Beliefs," Economic Theory, Vol. 4, pp. 877-900, 1994 .
"On Rational Belief Equilibria," Economic Theory, Vol. 4, pp. 859-876, 1994.
"Rational Beliefs and Endogenous
Uncertainty: an Introduction," Economic Theory, 8 pp. 383 - 397, October 1996.
"Endogenous Uncertainty in a General
Equilibrium Model with Price Contingent Contracts," (with H.M. Wu) , Economic Theory, 8 pp. 461-488, October
1996.
"Coordination and Correlation in Markov
Rational Belief Equilibria," (with Martin Schneider), Economic Theory, 8 pp.
489-520, October 1996.
"Endogenous Economic Fluctuations and
Rational Beliefs: A General Perspective," Chapter 1 in Endogenous Economic Fluctuations: Studies
in the Theory of Rational Belief, Mordecai Kurz (ed.) Springer series in
Economic Theory, No.6, August 1997.
"Asset Prices with Rational
Beliefs," Chapter 9 in a
monograph entitled Endogenous Economic Fluctuations: Studies in the Theory
of Rational Belief, Mordecai Kurz (ed.) Springer
series in Economic Theory, No.6, August 1997.
"The Equity Premium is No Puzzle ," (with A. Beltratti). Chapter 11 in a monograph entitled Endogenous Economic Fluctuations:
Studies in the Theory of Rational Belief, Mordecai Kurz (ed.) Springer series in Economic Theory, No.6, August 1997.
"On the volatility of Foreign Exchange
Rates," Chapter 12 in a monograph entitled Endogenous Economic
Fluctuations: Studies in the Theory of Rational Belief, Mordecai Kurz (ed.) Springer series in Economic Theory, No.6, August 1997.
"Social States of Belief and the
Determinants of the Equity Risk Premium in A Rational
Belief Equilibrium," In a monograph
entitled Functional Analysis and Economic Theory, Y.A. Abramovich, E. Avgerinos and N.C. Yannelis (eds.), pp. 171 - 220, Springer Verlag, 1998.
"Endogenous Uncertainty and Market
Volatility," (with Maurizio Motolese). Economic
Theory, 16 pp.497 - 544, 2001 .
"Endogenous Uncertainty: A Unified View
of Market Volatility," Chapter 9 in F. Petri and F. Hahn (eds.) General Equilibrium: Problems and Prospects,
pp. 246 -282,
"Endogenous
Fluctuations and the Role
of Monetary Policy," (with Hehui Jin and Maurizio Motolese). Chapter 10 in P. Aghion,
R. Frydman, J. Stiglitz and
M. Woodford, (ed.) Knowledge, Information and Expectations in Modern
Macroeconomics: Essays In Honor of Edmund S. Phelps, pp. 188 -227,
"Determinants of Stock Market Volatility and
Risk Premia," (with Hehui Jin and Maurizio Motolese). Annals
of Finance, 1, 109-147, January 2005.
"The Role of Expectations in Economic
Fluctuations and the Efficacy of Monetary Policy," (with Hehui Jin and Maurizio Motolese). Journal of Economic
Dynamics and Control, 29, 2017 - 2065, 2005
"Public Policy Evaluation, Social Risk and
Pension Capital," Rivista Internazionale di Scienze Sociali, 389-416, 2006
"Beauty Contests, Private Information and Diverse Beliefs,” Journal of Mathematical Economics, 44, 762 - 784, 2008
“Rational Diverse Beliefs and Economic Volatility,” Chapter 8 in Handbook on Financial Markets: Dynamics and Evolution, T. Hens and K. Shenk-Hoppé (Ed.), 439-506. North Holland, 2009
“Diverse Beliefs, Forecast Errors and Central Bank Policy,” Working Paper, Stanford University, July 12, 2005.
“On the Role of Market Belief in Economic Dynamics: An Introduction,” Economic Theory, 47, May 2011, (forthcoming)
“Diverse Beliefs and Time Variability of Risk Premia,” (with Maurizio Motolese). Economic Theory, 47 , May 2011, (forthcoming)
"A New Keynesian Model with Diverse Beliefs," Working Paper, Department of Economics, Stanford University, September 7, 2011