This report reviews Thomas J. Sargents essay 'The Conquest of American Inflation' (1999). Sargent searches for a model which can explain postwar US inflation and which may shed light on the dynamic forces which drive this pattern. Following Sargent, the conquest of US inflation is due to a...

This discussion paper resulted in a publication in <A HREF="http://link.springer.com/article/10.1023/A%3A1003253925406">'De Economist'</A>, 1998, 146, 59-89.<P> Since the 1950's economists applied game theoretical concepts to a wide variety of economic problems. The Nash equilibrium concept has proven to be a powerful instrument in analyzing the outcome of economic...</p></a>

We provide a framework for analysing the choice between optimal and robust rules in the presence of paradigm uncertainty in monetary policy. We thus provide two issues: first, we discuss the conditions of uncertainty that render a robust rule a preferable substitute to optimal rules and second,...

We apply the dynamic stochastic framework proposed by recent evolutionary literature to the class of strict supermodular games when two simple behavior rules coexist in the population, imitation and myopic optimization.

Since the 1950's economists applied game theoretical concepts to a wide variety of economic problems. The Nash equilibrium concept has proven to be a powerful instrument in analyzing the outcome of economic processes. Since the late 1980's economists also show a growing interest in the...