It is argued that learnability/E-stability is a necessary condition for a RE solution to be plausible. A class of linear models considered by Evans, G.W. and Honkapohja, S. [2001. Learning and Expectations in Macroeconomics, Princeton University Press.] is shown to include all models of the form...

Certain models of structural glasses ref. [1, 2] map onto random matrix models. These random matrix models have gaps in their eigenvalue distribution. It turns out that matrix models with gaps in their eigenvalue distributions have the unusual property of multiple solutions or minimas of the...