Impacts of priors on convergence and escapes from Nash inflation

Review of Economic Dynamics

Volumn 8, Issue 2 SPEC. ISS., 2005, Pages 360-391

  Sargent, Thomas J ^a,b   Williams, Noah ^c  

^a NEW YORK UNIVERSITY   (United States)

^b STANFORD UNIVERSITY   (United States)

^c PRINCETON UNIVERSITY   (United States)

Author keywords

Adaptation; Escape route; Large deviation; Mean dynamics; Natural rate of unemployment; Priors; Self confirming equilibrium

Indexed keywords

EID: 16244415548     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.red.2004.10.010     Document Type: Article

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