Stability properties for learning with heterogeneous expectations and multiple equilibria

DOI10.1016/J.JEDC.2004.08.010zbMath1198.91160OpenAlexW2116498186MaRDI QIDQ956458

Eran A. Guse

Publication date: 25 November 2008

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

Full work available at URL: http://hdl.handle.net/10138/16899

zbMATH Keywords

multiple equilibriaadaptive learningrational expectationsheterogeneous expectations

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Stochastic learning and adaptive control (93E35) Heterogeneous agent models (91B69)

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• CONVERGENCE OF ADAPTIVE LEARNING AND EXPECTATIONAL STABILITY: THE CASE OF MULTIPLE RATIONAL-EXPECTATIONS EQUILIBRIA
• Sunspots and Cycles

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