The stability of macroeconomic systems with Bayesian learners

DOI10.1016/j.jedc.2015.09.004zbMath1401.91327OpenAlexW3123872238MaRDI QIDQ1656502

Jacek Suda, James Bullard

Publication date: 10 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2015.09.004

zbMATH Keywords

Bayesian learningrecursive learningexpectational stabilitylearnability of rational expectations equilibrium

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

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Cites Work

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• Properties of equilibrium asset prices under alternative learning schemes
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Learning and control in a changing economic environment.
• Learning by doing and the value of optimal experimentation
• Time-varying parameters and nonconvergence to rational expectations under least squares learning
• Rational Expectations Equilibria, Learning, and Model Specification
• Optimal Control of an Unknown Linear Process with Learning
• STATISTICAL LEARNING WITH TIME-VARYING PARAMETERS

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