Stable sunspot solutions in models with predetermined variables
Article Abstract:
Using a linear stochastic univariate expectation model with predetermined variables the stability of stationary sunspot equilibria (SSE) is examined. Stability of SSE is useful in business cycle theory.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2005
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Expectational stability of stationary sunspot equilibria in a forward-looking linear model
Article Abstract:
The authors look at several methods for solving an equation, finding which solutions are learnable, and how adaptive learning affects the solutions.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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Are hyperinflation paths learnable?
Article Abstract:
The impact of exceptionally high inflation rates on a consumer's choice of products is discussed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2006
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