Determinacy and Stability Under Learning of Rational Expectations Equilibria

Stephane Gauthier

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper studies relationships between the 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 economies where agents forecast only one perods ahead, and with an arbitrary (fixed) number of predetermined variables.

Keywords: EXPECTATIONS; ECONOMIC MODELS; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1999
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Citations: View citations in EconPapers (4)

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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:fth:aixmeq:99a46

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