EconPapers    
Economics at your fingertips  
 

Notes on Agents¡¯ Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy

Seppo Honkapohja (), Kaushik Mitra and George Evans ()

No 201102, CDMA Working Paper Series from Centre for Dynamic Macroeconomic Analysis

Abstract: 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; NewKeynesian; Adaptive learning. (search for similar items in EconPapers)
JEL-codes: E4 E5 E6 E52 E58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-cbe, nep-dge, nep-evo, nep-mac and nep-mon
Date: 2011-01-15
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22) Track citations by RSS feed

Downloads: (external link)
http://www.st-andrews.ac.uk/~wwwecon/CDMA/papers/wp1102.pdf (application/pdf)

Related works:
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:san:cdmawp:1102

Access Statistics for this paper

More papers in CDMA Working Paper Series from Centre for Dynamic Macroeconomic Analysis School of Economics and Finance, Castlecliffe, The Scores, Fife, KY16 9AZ. Contact information at EDIRC.
Bibliographic data for series maintained by The School of Economics and Finance ().

 
Page updated 2019-12-13
Handle: RePEc:san:cdmawp:1102