Determinacy and Stability under Learning of Rational Expectations Equilibria

Stephane Gauthier

DELTA Working Papers from DELTA (Ecole normale supérieure)

Abstract: This paper studies relationships between the local determinacy of a stationary equilibrium in the perfect foresight dynamics, and its local stability in dynamics arising from econometric learning procedures. There is no clear links in linear scalar economieds where agents forecast only one period ahead, and with an arbitrary (fixed) number of predetermined variables.

Keywords: ECONOMIC MODELS; LEARNING; EXPECTATIONS (search for similar items in EconPapers)
JEL-codes: D82 D84 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1999
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Published in Journal of Economic, February 2002, 102, pp. 354-374.

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Related works:
Journal Article: Determinacy and Stability under Learning of Rational Expectations Equilibria (2002)
Working Paper: Determinacy and Stability under Learning of Rational Expectations Equilibria (2002)
Working Paper: Determinacy and Stability Under Learning of Rational Expectations Equilibria (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:1999-22

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