Determinacy and Stability under Learning of Rational Expectations Equilibria.

This paper studies relationships between the local determinacy of a stationary equilibrium in the perfect foresight dynamics, and its local stability in dynamics arising from econometric learning procedures. There is no clear links in linear scalar economieds where agents forecast only one period ahead, and with an arbitrary (fixed) number of predetermined variables.

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Year of publication:	1999
Authors:	Gauthier, S.
Institutions:	Département et Laboratoire d'Économie Théorique Appliquée (DELTA), École Normale Supérieure (ENS Paris)
Subject:	ECONOMIC MODELS \| LEARNING \| EXPECTATIONS

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Series:	DELTA Working Papers.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	D84 - Expectations; Speculations ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005256697