William A. Branch
Department of Economics
3151 Social
Science Plaza
(949) 824-4221
Macro
Seminar Fall 2007 : To subscribe to
the seminar calendar go here: 
Publications:
Monetary
Policy, Endogenous Inattention, and the Volatility Trade-off forthcoming Economic Journal. This Version: May 2007 (with John Carlson,
George W. Evans, and Bruce McGough)
Monetary-Fiscal
Policy Interactions under Implementable Monetary Policy Rules forthcoming
Journal of Money, Credit, and Banking,
December 2007 (with
Model Uncertainty and
Endogenous Volatility Review of
Economic Dynamics, April 2007, 10, 207-237.
This Version: October 2006 (with George W. Evans). Version with longer Appendix: here
Restricted Perceptions
Equilibria and Learning in Macroeconomics in Post Walrasian Macroeconomics: Beyond the Dynamic Stochastic General
Equilibrium Model, ed. David Colander,
Sticky Information and Model Uncertainty in Survey Data on Inflation Expectations Journal of Economic Dynamics and Control, January 2007, 31, 1, 245-276.
Replicator Dynamics in a Cobweb Model with Rationally Heterogeneous Expectations forthcoming Journal of Economic Behavior and Organization. This version: June 2005 (with Bruce McGough). Matlab programs used to generate figures are available here
A Simple Recursive
Forecasting Model Economics Letters,
91, 2, May 2006 (with George W.
Evans)
Intrinsic
Heterogeneity in Expectation Formation Journal
of Economic Theory, March 2006, 127,
1, 264-295 (with George W. Evans)
Multiple
Equilibria in Heterogeneous Expectations Models Contributions
in Macroeconomics, vol. 4, 1, 12
(with Bruce McGough). Also, see bepress
version.
The Theory of Rationally
Heterogeneous Expectations: Evidence from Survey Data on Inflation Expectations,
Economic Journal, July 2004.
Consistent Expectations
and Misspecification in Stochastic Non-linear Economies Journal of Economic Dynamics and Control, April 2005, 29, 659-676 (with Bruce McGough)
Local Convergence Properties of
a Cobweb Model with Rationally Heterogeneous Expectations Journal of Economic Dynamics and Control,
November 2002, 27, 1, 64-85.
Working Papers:
Learning about Risk and
Return: A Simple Model of Bubbles and Crashes February 2008 (with George
W. Evans)
Expectational
Stability in Regime-Switching Rational Expectations Models November 2007
(with
Dynamic Predictor
Selection in a New Keynesian Model with Heterogeneous Expectations
December 2006 (with Bruce McGough)
Asset Return
Dynamics and Learning This version: February 2007 (with George W. Evans)
Adaptive
Learning, Endogenous Inattention, and Changes in Monetary Policy This
version: January 2007 (with John Carlson, George W. Evans, and Bruce McGough)
A New Keynesian Model
with Heterogeneous Expectations January 2007 (with Bruce McGough)