Details about George William Evans

Homepage:	https://pages.uoregon.edu/gevans/
Phone:	541-346-4662
Postal address:	Department of Economics, 1285 University of Oregon, Eugene, OR 97403-1285 USA
Workplace:	Department of Economics, University of Oregon, (more information at EDIRC)

Access statistics for papers by George William Evans.

Last updated 2023-07-06. Update your information in the RePEc Author Service.

Short-id: pev4

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Working Papers

2022

1. Expectations, Stagnation and Fiscal Policy: a Nonlinear Analysis
   Discussion Papers, Department of Economics, University of Birmingham View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
   See also Journal Article in International Economic Review (2022)

2021

2. A Unified Model of Learning to Forecast
   Working Papers, University of Sydney, School of Economics View citations (1)

2019

3. Are Long-Horizon Expectations (De-)Stabilizing? Theory and Experiments
   Staff Working Papers, Bank of Canada View citations (11)
   See also Journal Article in Journal of Monetary Economics (2022)
4. Eductive Stability in Real Business Cycle Models
   Post-Print, HAL View citations (4)
   Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2010)
   Working Papers, HAL (2010) View citations (1)
   PSE Working Papers, HAL (2010) View citations (1)
   PSE-Ecole d'économie de Paris (Postprint), HAL (2019) View citations (4)
   See also Journal Article in The Economic Journal (2019)

2017

5. Expectations, Stagnation and Fiscal Policy
   2017 Meeting Papers, Society for Economic Dynamics
   Also in Bank of Finland Research Discussion Papers, Bank of Finland (2016)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (6)

2016

6. Revisiting Coase on anticipations and the cobweb model
   Post-Print, HAL
   Also in PSE-Ecole d'économie de Paris (Postprint), HAL (2016)
   See also Chapter (2016)

2013

7. Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model
   Staff Working Papers, Bank of Canada View citations (15)

2012

8. Bayesian Model Averaging, Learning and Model Selection
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
   Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2012)
9. Finite Horizon Learning
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (15)
   Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2010)
10. Fiscal Policy and Learning
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2012)
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2012) View citations (9)
11. Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2012)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (3)
    See also Journal Article in Journal of Economic Dynamics and Control (2014)
12. Policy Change and Learning in the RBC Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2011)
    See also Journal Article in Journal of Economic Dynamics and Control (2013)

2011

13. Learning as a Rational Foundation for Macroeconomics and Finance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2011)
14. Notes on Agents’ Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (17)
15. The Stagnation Regime of the New Keynesian Model and Current US Policy
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (1)
    Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2010)

2010

16. Does Ricardian Equivalence Hold When Expectations are not Rational?
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (6)
    Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2010)
    Bank of Finland Research Discussion Papers, Bank of Finland (2010)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2012)
17. Expectations, Deflation Traps and Macroeconomic Policy
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2009)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (4)
18. Learning about Risk and Return: A Simple Model of Bubbles and Crashes
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (6)
    Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in American Economic Journal: Macroeconomics (2011)
19. Monetary Policy and Heterogeneous Expectations
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (14)
    Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2010)
    See also Journal Article in Economic Theory (2011)

2009

20. A Model of Near-Rational Exuberance
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (1)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2007) View citations (2)
    See also Journal Article in Macroeconomic Dynamics (2010)

2008

21. Anticipated Fiscal Policy and Adaptive Learning
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2007) View citations (11)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (5)
    See also Journal Article in Journal of Monetary Economics (2009)
22. Expectations, Learning and Monetary Policy: An Overview of Recent Rersearch
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (25)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2008) View citations (22)
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2008) View citations (21)
    Bank of Finland Research Discussion Papers, Bank of Finland (2007) View citations (1)
    See also Chapter (2009)
23. Generalized Stochastic Gradient Learning
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department View citations (1)
    Also in CESifo Working Paper Series, CESifo (2005) View citations (16)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2005) View citations (19)
    NBER Technical Working Papers, National Bureau of Economic Research, Inc (2005) View citations (17)
    See also Journal Article in International Economic Review (2010)
24. Learning and Macroeconomics
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Annual Review of Economics (2009)
25. Representations and Sunspot Stability
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Macroeconomic Dynamics (2011)
26. Robust Learning Stability with Operational Monetary Policy Rules
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2008) View citations (1)
    Bank of Finland Research Discussion Papers, Bank of Finland (2007) View citations (1)
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2008)
    See also Chapter (2009)

2007

27. Liquidity Traps, Learning and Stagnation
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2007) View citations (41)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (11)
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2007) View citations (20)
    See also Journal Article in European Economic Review (2008)
28. Monetary Policy, Endogenous Inattention, and the Volatility Trade-off
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (1)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (3)
    See also Journal Article in Economic Journal (2009)
29. Monetary and Fiscal Policy under Learning in the Presence of a Liquidity Trap
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
    See also Journal Article in Monetary and Economic Studies (2008)
30. Monetary policy, judgment and near-rational exuberance
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
    See also Journal Article in American Economic Review (2008)
31. Policy Interaction, Learning and the Fiscal Theory of Prices
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (17)
    Bank of Finland Research Discussion Papers, Bank of Finland (2002)
    See also Journal Article in Macroeconomic Dynamics (2007)

2006

32. Adaptive Learning, Endogenous Inattention, and Changes in Monetary Policy
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2006) View citations (3)
33. Can Perpetual Learning Explain the Forward Premium Puzzle?
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department View citations (1)
    See also Journal Article in Journal of Monetary Economics (2008)
34. Implementing Optimal Monetary Policy in New-Keynesian Models with Inertia
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in The B.E. Journal of Macroeconomics (2010)
35. Model Uncertainty and Endogenous Volatility
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (9)
    See also Journal Article in Review of Economic Dynamics (2007)
36. Near-Rational Exuberance
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2005) View citations (4)
    Working Paper Series, European Central Bank (2005) View citations (10)
    Working Papers, Federal Reserve Bank of St. Louis (2004)
    2004 Meeting Papers, Society for Economic Dynamics (2004)
37. Optimal Constrained Interest-rate Rules
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004)
    See also Journal Article in Journal of Money, Credit and Banking (2007)
38. Stable Finite-State Markov Sunspots
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department

2005

39. A Simple Recursive Forecasting Model
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Economics Letters (2006)
40. An Interview with Thomas J. Sargent
    CESifo Working Paper Series, CESifo View citations (36)
    Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2005)
41. Are Hyperinflationary Paths Learnable?
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
42. Coordination on Saddle-Path Solutions: The Eductive Viewpoint -- Linear Multivariate Models
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Post-Print, HAL (2005) View citations (17)
    DELTA Working Papers, DELTA (Ecole normale supérieure) (2003)
    See also Journal Article in Journal of Economic Theory (2005)
43. Indeterminacy and the Stability Puzzle in Non-Convex Economies
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in The B.E. Journal of Macroeconomics (2005)
44. Monetary Policy, Expectations and Commitment
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (22)
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2004)
    Working Paper Series, European Central Bank (2002) View citations (12)
    See also Journal Article in Scandinavian Journal of Economics (2006)
45. Stable Sunspot Equilibira in a Cash-in-Advance Economy
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Working Papers, Barcelona School of Economics (2003) View citations (3)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2005) View citations (3)
    CESifo Working Paper Series, CESifo (2001) View citations (5)
    See also Journal Article in The B.E. Journal of Macroeconomics (2007)
46. The E-correspondence Principle
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in CESifo Working Paper Series, CESifo (2004)
    See also Journal Article in Economica (2007)

2004

47. "Adaptive Expectations, Underparameterization and the Lucas Critique
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego (2001) View citations (12)
    See also Journal Article in Journal of Monetary Economics (2006)
48. Adaptive Learning and Monetary Policy Design
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2002) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (147)
    Macroeconomics, University Library of Munich, Germany (2004) View citations (5)
    See also Journal Article in Proceedings (2003)
49. Friedman’s money supply rule vs optimal interest rate policy
    Macroeconomics, University Library of Munich, Germany
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2003)
    See also Journal Article in Scottish Journal of Political Economy (2003)
50. Intrinsic Heterogeneity in Expectation Formation
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (5)
    See also Journal Article in Journal of Economic Theory (2006)
51. Monetary Policy and Stable Indeterminacy with Inertia
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Economics Letters (2005)
52. Monetary Policy, Indeterminacy and Learning
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (7)
    See also Journal Article in Journal of Economic Dynamics and Control (2005)
53. Policy Interaction, Expectations and the Liquidity Trap
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Macroeconomics, University Library of Munich, Germany (2004) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (4)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2003) View citations (5)
    Bank of Finland Research Discussion Papers, Bank of Finland (2003)
    See also Journal Article in Review of Economic Dynamics (2005)

2003

54. Are Stationary Hyperinflation Paths Learnable?
    CESifo Working Paper Series, CESifo
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2003) View citations (4)
55. Comment on "Imperfect Knowledge, Inflation Expectations and Monetary Policy" by Athanasios Orphanides and John C. Williams
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
56. Freidman's Money Supply Rule versus Optimal Interest Rate Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
    Also in University of Oregon Economics Department Working Papers, University of Oregon Economics Department (2003)
57. Stable Sunspot Solutions in Models with Predetermined Variables
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Journal of Economic Dynamics and Control (2005)

2002

58. Existence of Adaptively Stable Sunspot Equilibria near an Indeterminate Steady State
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in CESifo Working Paper Series, CESifo (2001) View citations (4)
    See also Journal Article in Journal of Economic Theory (2003)
59. Expectational Stability of Stationary Sunspot Equilibria in a Forward-looking Linear Model
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Journal of Economic Dynamics and Control (2003)
60. Stable Noisy K-state Markov Sunspots
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department

2001

61. Coordination on saddle path solutions: the eductive viewpoint
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
62. Expectational Stability of Resonant Frequency Sunspot Equilibria
    CESifo Working Paper Series, CESifo View citations (2)
63. Expectations and the Stability Problem for Optimal Monetary Policies
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2000) View citations (7)
    University of Helsinki, Department of Economics, Department of Economics (2000) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (22)
    See also Journal Article in Review of Economic Studies (2003)

1999

64. Coordination on Saddle Path Solutions: the Eductive Viewpoint. 1- Linear Univariate Models
    Working Papers, Laval - Laboratoire Econometrie
    Also in DELTA Working Papers, DELTA (Ecole normale supérieure) (1999)
    See also Journal Article in Macroeconomic Dynamics (2003)

1998

65. Stochastic Gradient Learning in the Cobweb Model
    University of Helsinki, Department of Economics, Department of Economics View citations (17)
    See also Journal Article in Economics Letters (1998)

1996

66. Convergence in Monetary Inflation Models with Heterogeneous Learning Rules
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
    See also Journal Article in Macroeconomic Dynamics (2001)
67. Convergence of Learning Algorithms without a Projection Facility
    CESifo Working Paper Series, CESifo View citations (1)
    See also Journal Article in Journal of Mathematical Economics (1998)
68. Economic Dynamics with Learning: New Stability Results
    CESifo Working Paper Series, CESifo View citations (2)
    Also in Computing in Economics and Finance 1997, Society for Computational Economics View citations (58)
    See also Journal Article in Review of Economic Studies (1998)
69. Growth Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Home Pages, Stanford University View citations (1)
    See also Journal Article in American Economic Review (1998)

1994

70. Information, forecasts and measurement of the business cycle
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (53)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1993) View citations (2)
    See also Journal Article in Journal of Monetary Economics (1994)

1993

71. Adaptive Forecasts
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (6)

1992

72. Adaptive Learning and Expectational Stability: An Introduction - (Now published as Ch.4 in 'Learning Rationality in Economics', A Kirman and M Salmon (eds), 1995, Basil Blackwell, Oxford), pp.102-126.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE View citations (2)
73. Information
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (3)
74. Local Convergence of Recursive Learning to Steady States and Cycles in Stochastic Nonlinear Models - (Now published in 'Econometrica', vol.63 (1995), pp.195-206.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
75. On the Local Stability of Sunspot Equilibria Under Adaptive Learning Rules - (Now published in 'Journal of Economic Theory', vol.64 (1994), pp.142-161.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
76. Rationalizability, Strong Rationality and Expectational Stability
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    See also Journal Article in Games and Economic Behavior (1993)
77. Rationalizability, Strong Rationality and Expectational Stability (Now published in Games and Economic Behavior, Special Issue on Learning Dynamics, vol.5 (Oct. 1993), pp.632-646).)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1991

78. On the Preservation of Deterministic Cycles when some Agents Perceive them to be Random Fluctuations (Now published in Journal of Economic Dynamics and Control, vol.17 (1993), pp.705-721.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1990

79. Learning, Convergence, and Stability with Multiple Rational Expectations Equilibria - (Now published in 'European Economic Review', vol.38 (1994), pp.1071-1098.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1989

80. Expectation Calculation and Macroeconomic Dynamics (Now published in American Economic Review, (March 1992).)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
81. On the Robustness of Bubbles in Linear RE Models (Now published in International Economic Review, vol.33, No.1 (1992), pp.1-14.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1988

82. Calculation Equilibria
    Working Papers, Stanford - Institute for Thoretical Economics

Undated

83. Asset Return Dynamics and Learning
    University of Oregon Economics Department Working Papers, University of Oregon Economics Department
    See also Journal Article in Review of Financial Studies (2010)

Journal Articles

2022

1. Are long-horizon expectations (de-)stabilizing? Theory and experiments
   Journal of Monetary Economics, 2022, 132, (C), 44-63 View citations (1)
   See also Working Paper (2019)
2. Bounded rationality and unemployment dynamics
   Economics Letters, 2022, 210, (C)
3. EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS
   International Economic Review, 2022, 63, (3), 1397-1425 View citations (1)
   See also Working Paper (2022)
4. The RPEs of RBCs and other DSGEs
   Journal of Economic Dynamics and Control, 2022, 143, (C) View citations (1)

2021

5. Learning when to say no
   Journal of Economic Theory, 2021, 194, (C) View citations (2)
6. Theories of Learning and Economic Policy
   Revue d'économie politique, 2021, 131, (3), 583-608

2020

7. Are sunspots learnable? An experimental investigation in a simple macroeconomic model
   Journal of Economic Dynamics and Control, 2020, 110, (C) View citations (1)
8. Equilibrium stability in a nonlinear cobweb model
   Economics Letters, 2020, 193, (C) View citations (3)
9. Stable near-rational sunspot equilibria
   Journal of Economic Theory, 2020, 186, (C) View citations (3)

2019

10. Eductive Stability in Real Business Cycle Models
    The Economic Journal, 2019, 129, (618), 821-852 View citations (4)
    See also Working Paper (2019)
11. FISCAL POLICY MULTIPLIERS IN AN RBC MODEL WITH LEARNING
    Macroeconomic Dynamics, 2019, 23, (1), 240-283 View citations (10)

2018

12. Equilibrium selection, observability and backward-stable solutions
    Journal of Monetary Economics, 2018, 98, (C), 1-10 View citations (15)
13. Interest‐Rate Pegs in New Keynesian Models
    Journal of Money, Credit and Banking, 2018, 50, (5), 939-965 View citations (16)

2017

14. Unstable Inflation Targets
    Journal of Money, Credit and Banking, 2017, 49, (4), 767-806 View citations (12)

2014

15. Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity?
    Journal of Economic Dynamics and Control, 2014, 45, (C), 220-238 View citations (53)
    See also Working Paper (2012)

2013

16. Bubbles, crashes and risk
    Economics Letters, 2013, 120, (2), 254-258 View citations (5)
17. E-stability in the stochastic Ramsey model
    Economics Letters, 2013, 118, (2), 407-410 View citations (1)
18. Policy change and learning in the RBC model
    Journal of Economic Dynamics and Control, 2013, 37, (10), 1947-1971 View citations (19)
    See also Working Paper (2012)

2012

19. Comment
    NBER Macroeconomics Annual, 2012, 26, (1), 61 - 71
20. Does Ricardian Equivalence Hold When Expectations Are Not Rational?
    Journal of Money, Credit and Banking, 2012, 44, (7), 1259-1283 View citations (5)
    Also in Journal of Money, Credit and Banking, 2012, 44, (7), 1259-1283 (2012) View citations (28)
    See also Working Paper (2010)

2011

21. Learning about Risk and Return: A Simple Model of Bubbles and Crashes
    American Economic Journal: Macroeconomics, 2011, 3, (3), 159-91 View citations (107)
    See also Working Paper (2010)
22. Monetary policy and heterogeneous expectations
    Economic Theory, 2011, 47, (2), 365-393 View citations (36)
    See also Working Paper (2010)
23. REPRESENTATIONS AND SUNSPOT STABILITY
    Macroeconomic Dynamics, 2011, 15, (1), 80-92 View citations (9)
    See also Working Paper (2008)

2010

24. A MODEL OF NEAR-RATIONAL EXUBERANCE
    Macroeconomic Dynamics, 2010, 14, (2), 166-188 View citations (18)
    See also Working Paper (2009)
25. Asset Return Dynamics and Learning
    Review of Financial Studies, 2010, 23, (4), 1651-1680 View citations (63)
    See also Working Paper
26. Corrigendum: Monetary Policy, Expectations and Commitment
    Scandinavian Journal of Economics, 2010, 112, (3), 640-641 View citations (2)
27. GENERALIZED STOCHASTIC GRADIENT LEARNING
    International Economic Review, 2010, 51, (1), 237-262 View citations (34)
    See also Working Paper (2008)
28. Implementing Optimal Monetary Policy in New-Keynesian Models with Inertia
    The B.E. Journal of Macroeconomics, 2010, 10, (1), 1-25 View citations (3)
    See also Working Paper (2006)

2009

29. Anticipated fiscal policy and adaptive learning
    Journal of Monetary Economics, 2009, 56, (7), 930-953 View citations (54)
    See also Working Paper (2008)
30. Learning and Macroeconomics
    Annual Review of Economics, 2009, 1, (1), 421-451 View citations (64)
    See also Working Paper (2008)
31. Monetary Policy, Endogenous Inattention and the Volatility Trade-off
    Economic Journal, 2009, 119, (534), 123-157 View citations (20)
    Also in Economic Journal, 2009, 119, (534), 123-157 (2009) View citations (13)
    See also Working Paper (2007)

2008

32. Can perpetual learning explain the forward-premium puzzle?
    Journal of Monetary Economics, 2008, 55, (3), 477-490 View citations (67)
    See also Working Paper (2006)
33. Liquidity traps, learning and stagnation
    European Economic Review, 2008, 52, (8), 1438-1463 View citations (63)
    See also Working Paper (2007)
34. Monetary Policy, Judgment, and Near-Rational Exuberance
    American Economic Review, 2008, 98, (3), 1163-77 View citations (26)
    See also Working Paper (2007)
35. Monetary and Fiscal Policy under Learning in the Presence of a Liquidity Trap
    Monetary and Economic Studies, 2008, 26, 59-86
    See also Working Paper (2007)

2007

36. Model Uncertainty and Endogenous Volatility
    Review of Economic Dynamics, 2007, 10, (2), 207-237 View citations (71)
    See also Working Paper (2006)
37. Optimal Constrained Interest-Rate Rules
    Journal of Money, Credit and Banking, 2007, 39, (6), 1335-1356 View citations (14)
    Also in Journal of Money, Credit and Banking, 2007, 39, (6), 1335-1356 (2007) View citations (2)
    See also Working Paper (2006)
38. POLICY INTERACTION, LEARNING, AND THE FISCAL THEORY OF PRICES
    Macroeconomic Dynamics, 2007, 11, (5), 665-690 View citations (19)
    See also Working Paper (2007)
39. Stable Sunspot Equilibria in a Cash-in-Advance Economy
    The B.E. Journal of Macroeconomics, 2007, 7, (1), 1-38 View citations (11)
    See also Working Paper (2005)
40. The E‐Correspondence Principle
    Economica, 2007, 74, (293), 33-50 View citations (2)
    See also Working Paper (2005)

2006

41. A simple recursive forecasting model
    Economics Letters, 2006, 91, (2), 158-166 View citations (188)
    See also Working Paper (2005)
42. Adaptive expectations, underparameterization and the Lucas critique
    Journal of Monetary Economics, 2006, 53, (2), 249-264 View citations (70)
    See also Working Paper (2004)
43. Are hyperinflation paths learnable?
    Journal of Economic Dynamics and Control, 2006, 30, (12), 2725-2748 View citations (37)
44. Intrinsic heterogeneity in expectation formation
    Journal of Economic Theory, 2006, 127, (1), 264-295 View citations (156)
    See also Working Paper (2004)
45. Monetary Policy, Expectations and Commitment*
    Scandinavian Journal of Economics, 2006, 108, (1), 15-38 View citations (128)
    See also Working Paper (2005)

2005

46. Coordination on saddle-path solutions: the eductive viewpoint--linear multivariate models
    Journal of Economic Theory, 2005, 124, (2), 202-229 View citations (26)
    See also Working Paper (2005)
47. Indeterminacy and the Stability Puzzle in Non-Convex Economies
    The B.E. Journal of Macroeconomics, 2005, 5, (1), 1-46 View citations (12)
    See also Working Paper (2005)
48. Monetary policy and stable indeterminacy with inertia
    Economics Letters, 2005, 87, (1), 1-7 View citations (12)
    See also Working Paper (2004)
49. Monetary policy, indeterminacy and learning
    Journal of Economic Dynamics and Control, 2005, 29, (11), 1809-1840 View citations (66)
    See also Working Paper (2004)
50. Policy Interaction, Expectations and the Liquidity Trap
    Review of Economic Dynamics, 2005, 8, (2), 303-323 View citations (34)
    See also Working Paper (2004)
51. Stable sunspot solutions in models with predetermined variables
    Journal of Economic Dynamics and Control, 2005, 29, (4), 601-625 View citations (32)
    See also Working Paper (2003)
52. The design of monetary and fiscal policy: a global perspective - comments
    Proceedings, 2005 View citations (4)

2003

53. Adaptive learning and monetary policy design
    Proceedings, 2003, 1045-1084 View citations (147)
    See also Working Paper (2004)
54. COORDINATION ON SADDLE-PATH SOLUTIONS: THE EDUCTIVE VIEWPOINT—LINEAR UNIVARIATE MODELS
    Macroeconomic Dynamics, 2003, 7, (1), 42-62 View citations (19)
    See also Working Paper (1999)
55. Existence of adaptively stable sunspot equilibria near an indeterminate steady state
    Journal of Economic Theory, 2003, 111, (1), 125-134 View citations (15)
    See also Working Paper (2002)
56. Expectational stability of stationary sunspot equilibria in a forward-looking linear model
    Journal of Economic Dynamics and Control, 2003, 28, (1), 171-181 View citations (22)
    See also Working Paper (2002)
57. Expectations and the Stability Problem for Optimal Monetary Policies
    Review of Economic Studies, 2003, 70, (4), 807-824 View citations (213)
    See also Working Paper (2001)
58. Friedman's Money Supply Rule vs. Optimal Interest Rate Policy
    Scottish Journal of Political Economy, 2003, 50, (5), 550-566 View citations (33)
    See also Working Paper (2004)

2001

59. CONVERGENCE IN MONETARY INFLATION MODELS WITH HETEROGENEOUS LEARNING RULES
    Macroeconomic Dynamics, 2001, 5, (1), 1-31 View citations (66)
    See also Working Paper (1996)
60. Expectations in Macroeconomics Adaptive versus Eductive Learning
    Revue économique, 2001, 52, (3), 573-582 View citations (232)
    Also in Revue Économique, 2001, 52, (3), 573-582 (2001) View citations (231)

2000

61. Convergence for difference equations with vanishing time-dependence, with applications to adaptive learning
    Economic Theory, 2000, 15, (3), 717-725 View citations (9)

1998

62. CALCULATION, ADAPTATION AND RATIONAL EXPECTATIONS
    Macroeconomic Dynamics, 1998, 2, (2), 156-182 View citations (21)
63. Convergence of learning algorithms without a projection facility
    Journal of Mathematical Economics, 1998, 30, (1), 59-86 View citations (13)
    See also Working Paper (1996)
64. Economic Dynamics with Learning: New Stability Results
    Review of Economic Studies, 1998, 65, (1), 23-44 View citations (73)
    See also Working Paper (1996)
65. Growth Cycles
    American Economic Review, 1998, 88, (3), 495-515 View citations (91)
    See also Working Paper (1996)
66. Stochastic gradient learning in the cobweb model
    Economics Letters, 1998, 61, (3), 333-337 View citations (20)
    See also Working Paper (1998)

1996

67. Least squares learning with heterogeneous expectations
    Economics Letters, 1996, 53, (2), 197-201 View citations (18)

1995

68. Local Convergence of Recursive Learning to Steady States and Cycles in Stochastic Nonlinear Models
    Econometrica, 1995, 63, (1), 195-206 View citations (51)

1994

69. Convergence of least squares learning to a non-stationary equilibrium
    Economics Letters, 1994, 46, (2), 131-136 View citations (3)
70. Information, forecasts, and measurement of the business cycle
    Journal of Monetary Economics, 1994, 33, (2), 233-254 View citations (53)
    See also Working Paper (1994)
71. Learning, convergence, and stability with multiple rational expectations equilibria
    European Economic Review, 1994, 38, (5), 1071-1098 View citations (37)
72. On the Local Stability of Sunspot Equilibria under Adaptive Learning Rules
    Journal of Economic Theory, 1994, 64, (1), 142-161 View citations (45)

1993

73. Adaptive forecasts, hysteresis, and endogenous fluctuations
    Economic Review, 1993, 3-13 View citations (28)
74. Learning and economic fluctuations: Using fiscal policy to steer expectations
    European Economic Review, 1993, 37, (2-3), 595-602 View citations (3)
75. On the preservation of deterministic cycles when some agents perceive them to be random fluctuations
    Journal of Economic Dynamics and Control, 1993, 17, (5-6), 705-721 View citations (14)
76. Rationalizability, Strong Rationality, and Expectational Stability
    Games and Economic Behavior, 1993, 5, (4), 632-646 View citations (47)
    See also Working Paper (1992)
77. Sectoral Imbalance and Unemployment in the United Kingdom: 1963-84
    Oxford Economic Papers, 1993, 45, (3), 440-56 View citations (4)

1992

78. Expectation Calculation and Macroeconomic Dynamics
    American Economic Review, 1992, 82, (1), 207-24 View citations (94)
79. On the Robustness of Bubbles in Linear RE Models
    International Economic Review, 1992, 33, (1), 1-14 View citations (35)

1991

80. Pitfalls in Testing for Explosive Bubbles in Asset Prices
    American Economic Review, 1991, 81, (4), 922-30 View citations (397)

1989

81. A measure of the U.S. output gap
    Economics Letters, 1989, 29, (4), 285-289 View citations (9)
82. Output and Unemployment Dynamics in the United States: 1950-1985
    Journal of Applied Econometrics, 1989, 4, (3), 213-37 View citations (58)
83. The Conduct of Monetary Policy and the Natural Rate of Unemployment: A Note
    Journal of Money, Credit and Banking, 1989, 21, (4), 498-507 View citations (2)
84. The fragility of sunspots and bubbles
    Journal of Monetary Economics, 1989, 23, (2), 297-317 View citations (50)

1987

85. The structure of ARMA solutions to a general linear model with rational expectations
    Journal of Economic Dynamics and Control, 1987, 11, (1), 79-91

1986

86. A Complete Characterization of ARMA Solutions to Linear Rational Expectations Models
    Review of Economic Studies, 1986, 53, (2), 227-239 View citations (18)
87. A Test for Speculative Bubbles in the Sterling-Dollar Exchange Rate: 1981-84
    American Economic Review, 1986, 76, (4), 621-36 View citations (48)
88. Selection criteria for models with non-uniqueness
    Journal of Monetary Economics, 1986, 18, (2), 147-157 View citations (46)

1985

89. Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output, and Unemployment
    Economic Journal, 1985, 95, (378), 345-57 View citations (10)
90. Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models
    The Quarterly Journal of Economics, 1985, 100, (4), 1217-1233 View citations (88)

1984

91. Tests for Rationality of the Carlson-Parkin Inflation Expectations Data
    Oxford Bulletin of Economics and Statistics, 1984, 46, (1), 1-19 View citations (20)

Chapters

2016

1. Revisiting Coase on anticipations and the cobweb model
   Chapter 5 in The Elgar Companion to Ronald H. Coase, 2016, pp 51-67
   See also Working Paper (2016)

2011

2. Comment on "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing"
   A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 61-71 View citations (2)

2009

3. Expectations, Learning and Monetary Policy: An Overview of Recent Research
   Chapter 2 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 027-076 View citations (19)
   See also Working Paper (2008)
4. Robust Learning Stability with Operational Monetary Policy Rules
   Chapter 5 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 145-170 View citations (12)
   See also Working Paper (2008)

1999

5. Learning dynamics
   Chapter 07 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 449-542 View citations (85)