Should-Read: Luigi Iovino and Dmitriy Sergeyev: Quantitative Easing without Rational Expectations : “We study the effects of risky assets purchases financed by issuance of riskless debt by the government (quantitative easing) in a model without rational expectations… …We use bounded rationality in the form of level-k thinking and the associated reflective equilibrium that converges to … Continue reading Should-Read: Luigi Iovino and Dmitriy Sergeyev: Quantitative Easing without Rational Expectations