The Convergence of Evolutionary Expectations in a Dynamic IS-LM Model

Bobeică Gabriel
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Bobeică Gabriel: Academia de Studii Economice din Bucureşti

Revista OEconomica, 2015, issue 03

Abstract:

This research presents a dynamic IS-LM model with evolutionary expectations. Agents in the model are presumed to be heterogeneous, their expectations consisting in a population of chromosomes subjected to a genetic algorithm process replicating imitation and perpetuation of success strategies, exchange of information and experimentation. Simulations were conducted based on this model.

Keywords: expectations formation; non-rational expectations; genetic algorithm; regime switching (search for similar items in EconPapers)
JEL-codes: C63 D84 E17 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2015:i:03:id:433

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