Determinacy and Stability Under Learning of Rational Expectations Equilibria.

This paper studies relationships between the 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 economies where agents forecast only one perods ahead, and with an arbitrary (fixed) number of predetermined variables.

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Year of publication:	1999
Authors:	Gauthier, S.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	EXPECTATIONS \| ECONOMIC MODELS \| BUSINESS CYCLES

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005479035