, a solution refinement requiring continuity of solution coefficients with respect to basic parameters implies this same …

, a solution refinement requiring continuity of solution coefficients with respect to basic parameters implies this same …

It is well known that the concept of "determinacy"-a single stable solution-plays a major role in contemporary monetary … policy analysis. But while determinacy is desirable, other things equal, it is not necessary for a solution to be plausible … and is not sufficient for a solution to be desirable. There is a related but distinct criterion of "learnability" that …

It is well known that the concept of "determinacy"-a single stable solution-plays a major role in contemporary monetary … policy analysis. But while determinacy is desirable, other things equal, it is not necessary for a solution to be plausible … and is not sufficient for a solution to be desirable. There is a related but distinct criterion of " learnability" that …

determinacy and learnability of a rational expectations equilibrium. The context is a simple, forward-looking model of the … problems of indeterminacy and explosive instability of equilibrium in this model, and that learnability of equilibrium is not …

countries is crucial for the determinacy and learning stability of the economy in the open economy case, even without the …

The paper examines the effect of trend productivity growth on the determinacy and learnability of equilibria under … a higher trend growth rate relaxes the conditions for determinacy and learnability. Results are mixed for other policy … learnability. Under the lagged-data-based rule rule trend growth reduces the scope for determinacy and learnability. …