Examining Behavioral Deviations in Economic Forecasts: A Study of the Eurozone and CEEC
Journal of Financial Studies and Research
Drawing on behavioral insights and heuristics, this study demonstrates the ways in which more realistic decision-making diverges from the classic homo economicus model. Employing the New-Keynesian behavioral model proposed by De Grauwe (2012, 2019) and parameters from Jang and Sacht (2016), the analysis reveals a…