Notes on Agentsâ€™ Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy
Seppo Honkapohja (),
Kaushik Mitra and
George Evans ()
No 2011-04, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)
These notes try to clarify some discussions on the formulation of individual intertemporal behavior under adaptive learning in representative agent models. First, we discuss two suggested approaches and related issues in the context of a simple consumption-saving model. Second, we show that the analysis of learning in the NewKeynesian monetary policy model based on Euler equations provides a consistent and valid approach.
Keywords: Euler equation; New Keynesian; Adaptive learning (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:246
Access Statistics for this paper
More papers in SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE) 31 Buccleuch Place, EH8 9JT, Edinburgh. Contact information at EDIRC.
Bibliographic data for series maintained by Research Office ().