EXPECTATIONS COORDINATION ON A SUNSPOT EQUILIBRIUM: AN EDUCTIVE APPROACH

DOI10.1017/S1365100501010288zbMath1047.91044OpenAlexW2125985459MaRDI QIDQ4415691

Giorgio Negroni, Gabriel Desgranges

Publication date: 6 August 2003

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100501010288

zbMATH Keywords

rational expectationscommon knowledgestrong ratonality

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

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Existence of adaptively stable sunspot equilibria near an indeterminate steady state. ⋮ Expectational stability of stationary sunspot equilibria in a forward-looking linear model ⋮ Eductive expectations coordination on deterministic cycles in an economy with heterogeneous agents ⋮ E-stability vis-à-vis determinacy in regime-switching models ⋮ Monetary policy, indeterminacy and learning

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