A framework for the analysis of self-confirming policies

Pierpaolo Battigalli (), Simone Cerreia-Vioglio, F. Maccheroni (), Massimo Marinacci and T. Sargent
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F. Maccheroni: Università Bocconi and IGIER
T. Sargent: New York University and Hoover Institution

Theory and Decision, 2022, vol. 92, issue 3, No 3, 455-512

Abstract: Abstract This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monetary policies in a linear-quadratic setting.

Keywords: Self-confirming equilibrium; Partial identification; Monetary policy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:kap:theord:v:92:y:2022:i:3:d:10.1007_s11238-021-09862-9

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DOI: 10.1007/s11238-021-09862-9

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