WHEN DOES DETERMINACY IMPLY EXPECTATIONAL STABILITY?

DOI10.1111/iere.12039zbMath1292.91132OpenAlexW3123371500MaRDI QIDQ5406944

Stefano Eusepi, James Bullard

Publication date: 4 April 2014

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: http://research.stlouisfed.org/wp/2008/2008-007.pdf

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items

Learnability of an equilibrium with private information ⋮ Coherence without rationality at the zero lower bound ⋮ Saddlepath learning ⋮ Determinacy and e-stability under reduced-form learning ⋮ E-stability vis-à-vis determinacy in regime-switching models ⋮ Stable near-rational sunspot equilibria

Cites Work

• Saddlepath learning
• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Learning about monetary policy rules when the cost-channel matters
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• The Solution of Linear Difference Models under Rational Expectations