메뉴 건너뛰기




Volumn 146, Issue 4, 2011, Pages 1500-1519

Saddlepath learning

Author keywords

Determinacy; E stability; Learning; Saddlepath stability

Indexed keywords


EID: 79960251361     PISSN: 00220531     EISSN: 10957235     Source Type: Journal    
DOI: 10.1016/j.jet.2011.03.005     Document Type: Article
Times cited : (20)

References (22)
  • 1
    • 0142184737 scopus 로고    scopus 로고
    • Learning and equilibrium selection in a monetary overlapping generations model with sticky prices
    • Adam K. Learning and equilibrium selection in a monetary overlapping generations model with sticky prices. Rev. Econ. Stud. 2003, 70:887-908.
    • (2003) Rev. Econ. Stud. , vol.70 , pp. 887-908
    • Adam, K.1
  • 2
    • 33744811027 scopus 로고    scopus 로고
    • Are stationary hyperinflation paths learnable?
    • Adam K., Evans G., Honkapohja S.M.S. Are stationary hyperinflation paths learnable?. J. Econ. Dynam. Control 2006, 30(12):2725-2748.
    • (2006) J. Econ. Dynam. Control , vol.30 , Issue.12 , pp. 2725-2748
    • Adam, K.1    Evans, G.2    Honkapohja, S.M.S.3
  • 3
    • 0000174465 scopus 로고
    • The solution of linear difference models under rational expectations
    • Blanchard O., Kahn C. The solution of linear difference models under rational expectations. Econometrica 1980, 48:1305-1313.
    • (1980) Econometrica , vol.48 , pp. 1305-1313
    • Blanchard, O.1    Kahn, C.2
  • 4
    • 79960235336 scopus 로고    scopus 로고
    • When does determinacy imply expectational stability?
    • Federal Reserve Bank of St Louis Working Paper 2008-007B,
    • J. Bullard, S. Eusepi, When does determinacy imply expectational stability?, Federal Reserve Bank of St Louis Working Paper 2008-007B, 2009.
    • (2009)
    • Bullard, J.1    Eusepi, S.2
  • 5
    • 0036741810 scopus 로고    scopus 로고
    • Learning about monetary policy rules
    • Bullard J., Mitra K. Learning about monetary policy rules. J. Monet. Econ. 2002, 49:1105-1129.
    • (2002) J. Monet. Econ. , vol.49 , pp. 1105-1129
    • Bullard, J.1    Mitra, K.2
  • 6
    • 27244460073 scopus 로고    scopus 로고
    • Monetary policy, indeterminacy and learning
    • Evans G.W., McGough B. Monetary policy, indeterminacy and learning. J. Econ. Dynam. Control 2005, 29:1809-1840.
    • (2005) J. Econ. Dynam. Control , vol.29 , pp. 1809-1840
    • Evans, G.W.1    McGough, B.2
  • 8
    • 68249090109 scopus 로고    scopus 로고
    • Minimal state variable solutions to Markov-switching rational expectations models
    • Federal Reserve Bank of Atlanta Working Paper 2008-23,
    • R.E. Farmer, D.F. Waggoner, T. Zha, Minimal state variable solutions to Markov-switching rational expectations models, Federal Reserve Bank of Atlanta Working Paper 2008-23, 2008.
    • (2008)
    • Farmer, R.E.1    Waggoner, D.F.2    Zha, T.3
  • 9
    • 34948879010 scopus 로고    scopus 로고
    • Adaptive learning, persistence, and optimal monetary policy
    • Gaspar V., Smets F., Vestin D. Adaptive learning, persistence, and optimal monetary policy. J. Europ. Econ. Assoc. 2006, 4:376-385.
    • (2006) J. Europ. Econ. Assoc. , vol.4 , pp. 376-385
    • Gaspar, V.1    Smets, F.2    Vestin, D.3
  • 10
    • 33644644316 scopus 로고    scopus 로고
    • Supply-side reforms and learning dynamics
    • Giannitsarou C. Supply-side reforms and learning dynamics. J. Monet. Econ. 2006, 53:291-309.
    • (2006) J. Monet. Econ. , vol.53 , pp. 291-309
    • Giannitsarou, C.1
  • 11
    • 38249025567 scopus 로고
    • Convergence of least squares learning mechanisms in self referential linear stochastic models
    • Marcet A., Sargent T.J. Convergence of least squares learning mechanisms in self referential linear stochastic models. J. Econ. Theory 1989, 48:337-368.
    • (1989) J. Econ. Theory , vol.48 , pp. 337-368
    • Marcet, A.1    Sargent, T.J.2
  • 12
    • 49049125815 scopus 로고
    • On non-uniqueness in rational expectations models: an attempt at perspective
    • McCallum B.T. On non-uniqueness in rational expectations models: an attempt at perspective. J. Monet. Econ. 1983, 11:139-168.
    • (1983) J. Monet. Econ. , vol.11 , pp. 139-168
    • McCallum, B.T.1
  • 13
    • 0032334468 scopus 로고    scopus 로고
    • Solutions to linear rational expectations models: a compact exposition
    • McCallum B.T. Solutions to linear rational expectations models: a compact exposition. Econ. Letters 1998, 61:143-147.
    • (1998) Econ. Letters , vol.61 , pp. 143-147
    • McCallum, B.T.1
  • 14
    • 0037791059 scopus 로고    scopus 로고
    • Role of the minimal state variable criterion
    • McCallum B.T. Role of the minimal state variable criterion. Int. Tax Public Finance 1999, 6:621-639.
    • (1999) Int. Tax Public Finance , vol.6 , pp. 621-639
    • McCallum, B.T.1
  • 15
    • 0345947131 scopus 로고    scopus 로고
    • The unique minimum state variable RE solution is e-stable in all well formulated linear models
    • NBER Working Paper 9960,
    • B.T. McCallum, The unique minimum state variable RE solution is e-stable in all well formulated linear models, NBER Working Paper 9960, 2003.
    • (2003)
    • McCallum, B.T.1
  • 16
    • 33847011432 scopus 로고    scopus 로고
    • E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
    • McCallum B.T. E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models. J. Econ. Dynam. Control 2007, 31:1376-1391.
    • (2007) J. Econ. Dynam. Control , vol.31 , pp. 1376-1391
    • McCallum, B.T.1
  • 17
    • 0037764160 scopus 로고
    • Rational expectations models with partial information
    • Pearlman J., Currie D., Levine P. Rational expectations models with partial information. Econ. Modelling 1986, 3:90-105.
    • (1986) Econ. Modelling , vol.3 , pp. 90-105
    • Pearlman, J.1    Currie, D.2    Levine, P.3
  • 19
    • 0000087096 scopus 로고
    • Rational expectations and the dynamics of hyperinflation
    • Sargent T.J., Wallace N. Rational expectations and the dynamics of hyperinflation. Int. Econ. Rev. 1973, 14:328-350.
    • (1973) Int. Econ. Rev. , vol.14 , pp. 328-350
    • Sargent, T.J.1    Wallace, N.2
  • 20
    • 78651435305 scopus 로고    scopus 로고
    • Learning in an estimated medium-scale DSGE model
    • CERGE-EI Working Paper
    • S. Slobodyan, R. Wouters, Learning in an estimated medium-scale DSGE model, CERGE-EI Working Paper 396, 2009.
    • (2009) , vol.396
    • Slobodyan, S.1    Wouters, R.2
  • 21
    • 49449115158 scopus 로고    scopus 로고
    • Monetary policy with model uncertainty: Distribution forecast targeting
    • mimeo
    • L.E. Svensson, N. Williams, Monetary policy with model uncertainty: Distribution forecast targeting, mimeo, 2009.
    • (2009)
    • Svensson, L.E.1    Williams, N.2
  • 22
    • 0001261843 scopus 로고
    • Learning to believe in sunspots
    • Woodford M. Learning to believe in sunspots. Econometrica 1990, 58:277-307.
    • (1990) Econometrica , vol.58 , pp. 277-307
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.