E-stability in the stochastic Ramsey model

George Evans and Kaushik Mitra

Economics Letters, 2013, vol. 118, issue 2, 407-410

Abstract: Analytical expectational stability results are obtained for both Euler-equation and infinite-horizon adaptive learning in a simple stochastic growth model. The rational expectations equilibrium is stable under both types of learning, though there are important differences in the learning dynamics.

Keywords: Euler-equation learning; Infinite-horizon learning; Expectational stability (search for similar items in EconPapers)
JEL-codes: D84 E21 E43 E62 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:118:y:2013:i:2:p:407-410

DOI: 10.1016/j.econlet.2012.11.033

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