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Learning, large deviations, and recurrent currency crises
Kasa, Kenneth - In: International economic review 45 (2004) 1, pp. 141-174
Persistent link: https://www.econbiz.de/10001919349
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Learning and model validation : an example
Cho, In-Koo; Kasa, Kenneth - In: Macroeconomics at the service of public policy, (pp. 80-98). 2013
Persistent link: https://www.econbiz.de/10009723592
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Learning dynamics and endogenous currency crises
Cho, In-Koo; Kasa, Kenneth - In: Macroeconomic dynamics 12 (2008) 2, pp. 257-285
Persistent link: https://www.econbiz.de/10003686104
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Learning and model validation
Cho, In-Koo; Kasa, Kenneth - In: The review of economic studies 82 (2015) 1, pp. 45-82
Persistent link: https://www.econbiz.de/10011719942
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Learning, Large Deviations, and Recurrent Currency Crises
Kasa, Kenneth - 2004
This article studies a version of Obstfeld's (Journal of International Economics 43 (1997), 61-77) "escape clause" model. The model is calibrated to produce three rational expectations equilibria. Two of these equilibria are E-stable and one is unstable. Dynamics are introduced by assuming that...
Persistent link: https://www.econbiz.de/10014073011
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Will the Fed ever learn?
Kasa, Kenneth - In: Journal of macroeconomics 21 (1999) 2, pp. 279-292
Persistent link: https://www.econbiz.de/10001369045