Learning and the Saddle Point Property

Stephane Gauthier

Post-Print from HAL

Abstract: This note shows that there are close connections between the determinacy of a stationary state equilibrium and its stability under learning whenever agents try to estimate both the law of motion of the state variable and the stationary state value.

Keywords: Rational expectations; Saddle path; Determinacy; Learning (search for similar items in EconPapers)
Date: 2001-12
Note: View the original document on HAL open archive server: https://hal.science/hal-00731163v1
References: Add references at CitEc
Citations:

Published in Economics Letters, 2001, 73 (3), pp.339-343. ⟨10.1016/S0165-1765(01)00501-8⟩

Downloads: (external link)
https://hal.science/hal-00731163v1/document (application/pdf)

Related works:
Journal Article: Learning and the saddle point property (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00731163

DOI: 10.1016/S0165-1765(01)00501-8

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().