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Learning, heterogeneity, and complexity in the New Keynesian model (2019)
Journal Article
Calvert Jump, R., Hommes, C., & Levine, P. (2019). Learning, heterogeneity, and complexity in the New Keynesian model. Journal of Economic Behavior and Organization, 166, 446-470. https://doi.org/10.1016/j.jebo.2019.07.014

We present a New Keynesian model in which a fraction n of agents are fully rational, and a fraction 1 − n of agents are bounded rational. After deriving a simple reduced form, we demonstrate that the Taylor condition is sufficient for determinacy and... Read More about Learning, heterogeneity, and complexity in the New Keynesian model.

Educational attainment and the Brexit vote (2019)
Journal Article
Jump, R. C., & Michell, J. (2020). Educational attainment and the Brexit vote. Environment and Planning A, 52(5), 829-832. https://doi.org/10.1177/0308518X19866465

The Brexit vote is the most significant political event in recent British history. We present bivariate choropleth maps comparing the Leave vote share with age-adjusted secondary educational attainment. This provides an immediate visual representatio... Read More about Educational attainment and the Brexit vote.

Short and medium term financial-real cycles: An empirical assessment (2019)
Journal Article
Stockhammer, E., Calvert Jump, R., Kohler, K., & Cavallero, J. (2019). Short and medium term financial-real cycles: An empirical assessment. Journal of International Money and Finance, 94, 81-96. https://doi.org/10.1016/j.jimonfin.2019.02.006

© 2019 Elsevier Ltd Theories such as Minsky's financial instability hypothesis or New Keynesian financial accelerator models assign a key role to financial factors in business cycle dynamics. We propose a simple VAR-based estimation framework to exam... Read More about Short and medium term financial-real cycles: An empirical assessment.