The E-correspondence Principle
George Evans () and
Seppo Honkapohja ()
University of Oregon Economics Department Working Papers from University of Oregon Economics Department
We introduce the E-correspondence principle for stochastic dynamic expectations models as a tool for comparative dynamics analysis. The principle is applicable to equilibria that are stable under least squares and closely related learning rules. With this technique it is possible to study, without explicit solving for the equilibrium, how properties of the equilibrium are affected by changes in the structural parameters of the model. Even if qualitative comparative dynamics results are not obtainable, a quantitative version of the principle can be applied.
New Economics Papers: this item is included in nep-dge
Date: 2003-06-01, Revised 2005-06-10
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Journal Article: The E‐Correspondence Principle (2007)
Working Paper: The E-Correspondence Principle (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ore:uoecwp:2003-27
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