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Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky

Adam, Klaus - Centro Studi di Economia e Finanza (CSEF) - 2001

stable equilibrium; however, depending on how agents forecast, stability is found to be related to observable characteristics …

Persistent link: https://www.econbiz.de/10005750349

Chapter 7 Learning dynamics

Evans, George W.; Honkapohja, Seppo - In: Handbook of macroeconomics : volume 1, part A, (pp. 449-542). 1999

approximation based on an associated differential equation. Global stability, local stability and instability results for SRAs are … presented. For a wide range of solutions to economic models the stability conditions for REE under statistical learning rules … are given by the expectational stability principle, which is treated as a unifying principle for the results presented …

Persistent link: https://www.econbiz.de/10014024243

Taking a shower in Youth Hostels: risks and delights of heterogeneity

Matzke, Christina; Challet, Damien - 2008

water temperature. Heterogeneity allows some agents to reach much better temperatures, at the cost of higher risk. …

Persistent link: https://www.econbiz.de/10010264912

Taking a shower in Youth Hostels: risks and delights of heterogeneity

Matzke, Christina; Challet, Damien - University of Bonn, Germany - 2008

water temperature. Heterogeneity allows some agents to reach much better temperatures, at the cost of higher risk. …

Persistent link: https://www.econbiz.de/10005032219

Performance of Monetary Policy with Internal Central Bank Forecasting

Mitra, Kaushik; Honkapohja, Seppo - Department of Economics, Royal Holloway University of London - 2004

implications of heterogeneity in forecasting by the central bank and private agents for the performance of interest rules in a …

Persistent link: https://www.econbiz.de/10005784823

Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo; Mitra, Kaushik - 2002

study from a learning perspective the implications of heterogeneity across forecasts by the central bank and private agents …

Persistent link: https://www.econbiz.de/10012147838

Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo; Mitra, Kaushik - 2002

study the implications of heterogeneity in forecasts of the central bank and private agents for the performance of interest …

Persistent link: https://www.econbiz.de/10011604173

Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo; Mitra, Kaushik - Suomen Pankki - 2002

study from a learning perspective the implications of heterogeneity across forecasts by the central bank and private agents …

Persistent link: https://www.econbiz.de/10005648958

Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo; Mitra, Kaushik - European Central Bank - 2002

study the implications of heterogeneity in forecasts of the central bank and private agents for the performance of interest …

Persistent link: https://www.econbiz.de/10005816298

Monetary Policy with Internal Central Bank Forecasting: A Case of Heterogenous Information

Mitra, Kaushik; Honkapohja, Seppo - Department of Economics, Royal Holloway University of London - 2004

Honkapohja and Mitra (2003) have analyzed the desirability of optimal and ad hoc interest rules in monetary policy when the forecasts of the private sector and the central bank are heterogenous but information is symmetric. Here we analyze the case of asymmetric information in which one party...

Persistent link: https://www.econbiz.de/10005652700