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~isPartOf:"Economics Letters"
~subject:"Consistency assumption"
~subject:"Determinacy Stability Rational expectations"
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Consistency assumption
Determinacy Stability Rational expectations
Determinacy
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Saddlepath learning, MSV learning and consistency of subjective expectations
Cho, Seonghoon
- In:
Economics Letters
125
(
2014
)
2
,
pp. 319-322
Ellison and Pearlman (2011) show that
determinacy
implies e-stability under both full and lagged information if (1 …
Persistent link: https://www.econbiz.de/10011076541
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2
Another weakness of "
determinacy
" as a selection criterion for rational expectations models
Cho, Seonghoon
;
McCallum, Bennett T.
- In:
Economics Letters
104
(
2009
)
1
,
pp. 17-19
This paper argues against
determinacy
as a guide to interpret rational expectations solutions, using an example in …
Persistent link: https://www.econbiz.de/10005023474
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