Time-varying parameters and nonconvergence to rational expectations under least squares learning

DOI10.1016/0165-1765(92)90216-LzbMath0775.90032OpenAlexW2027537349MaRDI QIDQ1801820

James Bullard

Publication date: 8 August 1993

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(92)90216-l

Mathematics Subject Classification ID

Utility theory (91B16) Memory and learning in psychology (91E40)

Related Items (3)

The stability of macroeconomic systems with Bayesian learners ⋮ E-equilibria and adaptive expectations: Output and inflation in the LBS model ⋮ Learning, hypothesis testing, and rational-expectations equilibrium

Cites Work

• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Some identification and estimation results for regression models with stochastically varying coefficients
• Introduction to the stability of rational expectations equilibrium
• A time-varying model of rational learning
• Learning to Believe in Sunspots
• On Endogenous Competitive Business Cycles
• Analysis of recursive stochastic algorithms
• Unnamed Item
• Unnamed Item

This page was built for publication: Time-varying parameters and nonconvergence to rational expectations under least squares learning