Expectations and Social Influence Dynamics in Economics

Project Information

ExSIDE

Grant agreement ID: 721846

DOI 10.3030/721846

Project closed

EC signature date 29 August 2016

Start date 1 January 2017

End date 30 June 2021

Funded under

• EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions

Total cost € 3 864 090,24

EU contribution € 3 864 090,24

Coordinated by

UNIVERSITAET BIELEFELD
Germany

Deliverables

Websites, patent fillings, videos etc. (1)

Finalizing the programme webpage, flyers etc

Documents, reports (17)

The role of heterogeneous expectations for macro - financial dynamics

The role of heterogeneous expectations for macrofinancial dynamics

Policy Design under consideration of social influence dynamics
Critical evaluation of the relevance of expectation formation processes for economic dynamics
Heterogeneous expectations and bounded rationality in DSGE models
Optimal fiscal policy under heterogeneous expectations
Development of opinion diffusion models
Dynamic economic models with heterogeneous expectation formation
Analysis of opinion diffusion with forward looking and anti - conformist individuals

Analysis of opinion diffusion with forward looking and anticonformist individuals

Calibrated expectation formation models with empirical foundations
Policy models with heterogeneous expectation formation
Publication of ESR job openings
ntegration of opinion diffusion and expectation formation models 2

integration of opinion diffusion and expectation formation models

Effect of wage expectations on labour market dynamics
Analysis of main characteristics of expectation formation processes in different feedback environments
Analysis of forecasting experiments with real world data and of market sentiment dynamics
Mandates and robustness of policy advise
Optimal monetary policy under heterogeneous expectations

Other (10)

ISTMs completed
Training programme completed
International doctoral workshop
Secondments completed
Recruitment completed
Policy Makers Meetings completed
Research Training Schools completed
Kick - off meeting

Kick-off meeting

Defenses of theses and awarding of joint/double degrees

It is expected that the ESRs by month 48 have completed and defended the doctoral thesis or at least are close to the defense date Allowing ESRs to complete a high quality theses in time is the highest priority of all beneficiaries Since the speed of progress of individual research work cannot be perfectly predicted delays of individual ESRs can however not be ruled out completely

Jamborees and international conference

Publications

Book chapters (2)

Network-Based Policies Versus Tax Evasion

Author(s): Fernando Garcia Alvarado
Published in: Network Theory and Agent-Based Modeling in Economics and Finance, 2019, Page(s) 405-428, ISBN 978-981-13-8318-2
Publisher: Springer Singapore
DOI: 10.1007/978-981-13-8319-9_20

Network Effects in an Agent-Based Model of Tax Evasion with Social Influence

Author(s): Fernando Garcia Alvarado
Published in: Advances in Practical Applications of Survivable Agents and Multi-Agent Systems: The PAAMS Collection - 17th International Conference, PAAMS 2019, Ávila, Spain, June 26–28, 2019, Proceedings, Issue 11523, 2019, Page(s) 78-89, ISBN 978-3-030-24208-4
Publisher: Springer International Publishing
DOI: 10.1007/978-3-030-24209-1_7

Peer reviewed articles (10)

Network formation with myopic and farsighted players

Author(s): Chenghong Luo, Ana Mauleon, Vincent Vannetelbosch
Published in: Economic Theory, Issue 71/4, 2021, Page(s) 1283-1317, ISSN 0938-2259
Publisher: Springer Verlag
DOI: 10.1007/s00199-020-01288-8

A Survey on Nonstrategic Models of Opinion Dynamics

Author(s): Michel Grabisch, Agnieszka Rusinowska
Published in: Games, Issue 11/4, 2020, Page(s) 65, ISSN 2073-4336
Publisher: Multidisciplinary Digital Publishing Institute (MDPI)
DOI: 10.3390/g11040065

Social interactions and the prophylaxis of SI epidemics on networks

Author(s): Géraldine Bouveret, Antoine Mandel
Published in: Journal of Mathematical Economics, Issue 93, 2021, Page(s) 102486, ISSN 0304-4068
Publisher: Elsevier BV
DOI: 10.1016/j.jmateco.2021.102486

Anti-conformism in the Threshold Model of Collective Behavior

Author(s): Michel Grabisch; Fen Li
Published in: Dynamic Games and Applications, Issue 10, 2020, Page(s) 444–477, ISSN 2153-0785
Publisher: Springer Science + Business Media
DOI: 10.1007/s13235-019-00332-0

Heterogeneous expectations, forecasting behaviour and policy experiments in a hybrid Agent-based Stock-flow-consistent model

Author(s): Severin Reissl
Published in: Journal of Evolutionary Economics, Issue 31/1, 2021, Page(s) 251-299, ISSN 0936-9937
Publisher: Springer Verlag
DOI: 10.1007/s00191-020-00683-7

Minsky from the bottom up – Formalising the two-price model of investment in a simple agent-based framework

Author(s): Severin Reissl
Published in: Journal of Economic Behavior & Organization, Issue 177, 2020, Page(s) 109-142, ISSN 0167-2681
Publisher: Elsevier BV
DOI: 10.1016/j.jebo.2020.06.012

Opinion Formation in Social Networks

Author(s): Akylai Taalaibekova
Published in: Operations Research and Decisions 28(2) 85-108, 2018, Page(s) 85-108, ISSN 2391-6060
Publisher: Wroclav University of Science and Technology
DOI: 10.5277/ord180206

Further insights on endogenous money and the liquidity preference theory of interest

Author(s): Marc Lavoie, Severin Reissl
Published in: Journal of Post Keynesian Economics, 2019, Page(s) 1-24, ISSN 0160-3477
Publisher: M.E. Sharpe Inc.
DOI: 10.1080/01603477.2018.1548286

The Economic Cost of Covid Lockdowns: An Out-of-Equilibrium Analysis

Author(s): Antoine Mandel, Vipin P. Veetil
Published in: SSRN Electronic Journal, Issue 4-2021, 2021, Page(s) 431-455, ISSN 1556-5068
Publisher: Springer Nature
DOI: 10.2139/ssrn.3588421

Opinion Formation and Targeting When Persuaders Have Extreme and Centrist Opinions

Author(s): Agnieszka Rusinowska, Akylai Taalaibekova
Published in: SSRN Electronic Journal, Issue 84, 2019, Page(s) 9-27, ISSN 1556-5068
Publisher: Elsevier
DOI: 10.2139/ssrn.3379669