Stable sunspot solutions in models with predetermined variables
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Publication:953767
DOI10.1016/j.jedc.2003.07.005zbMath1202.91168OpenAlexW2099850512MaRDI QIDQ953767
George W. Evans, Bruce McGough
Publication date: 6 November 2008
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/1794/100
multiplicitylearningindeterminacysunspotsresonant frequencyexpectational stabilitycommon factor solutions
Special types of economic equilibria (91B52) Rationality and learning in game theory (91A26) Heterogeneous agent models (91B69)
Related Items (13)
Heterogeneity and learning with complete markets ⋮ REPRESENTATIONS AND SUNSPOT STABILITY ⋮ Learnability of an equilibrium with private information ⋮ A New Keynesian model with staggered price and wage setting under learning ⋮ Fundamentalists vs. chartists: learning and predictor choice dynamics ⋮ Consistent expectations and misspecification in stochastic non-linear economies ⋮ E-stability vis-à-vis determinacy in regime-switching models ⋮ Expectational stability of sunspot equilibria in non-convex economies ⋮ Monetary policy, indeterminacy and learning ⋮ ADAPTIVE LEARNING IN REGIME-SWITCHING MODELS ⋮ Stable near-rational sunspot equilibria ⋮ Heterogeneity and misspecifications in learning ⋮ Heterogeneous expectations, sunspot equilibria and their fragility
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