Stability under Learning: the Neo-Classical Growth Problem

Orlando Gomes

No ercwp1108, Working Papers Series 1 from ISCTE-IUL, Business Research Unit (BRU-IUL)

Abstract: A local stability condition for the standard neo-classical Ramsey growth model is derived. The proposed setting is deterministic, defined in discrete time and expectations are formed through adaptive learning.

Keywords: Neo-classical Growth; Adaptive Learning; Stability Analysis; Monetary Policy. (search for similar items in EconPapers)
JEL-codes: C62 D83 O41 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2008-05-15
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Journal Article: Stability under learning: the neo-classical growth problem (2009)
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