Convergence of least squares learning mechanisms in self-referential linear stochastic models

Journal of Economic Theory

Volumn 48, Issue 2, 1989, Pages 337-368

  Marcet, Albert ^a   Sargent, Thomas J ^b  

^a CARNEGIE MELLON UNIVERSITY   (United States)

^b STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 38249025567     PISSN: 00220531     EISSN: 10957235     Source Type: Journal    
DOI: 10.1016/0022-0531(89)90032-X     Document Type: Article

References (29)

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10. Expectational stability and the multiple equilibria problem in linear rational expectations models
11. Learning procedure and convergence to rationality
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13. Large sample properties of generalized method of moments estimators
14. The present value relation Tests based on implied variance bounds
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18. A stochastic approximation method
19. Rational expectations and the dynamics of hyper-inflation
20. Do stock prices move too much to be justified by subsequent dividents?
21. Learning to Believe in Sunspots