Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices

DOI10.1111/1467-937X.00271MaRDI QIDQ4468846zbMATH OpenOpenAlexFDO

Authors Klaus Adam

Publication date 11 June 2004

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/1467-937x.00271

zbMATH Keywords

adaptive learningimperfect competitionoverlapping generations model

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Economic dynamics (91B55) Macroeconomic theory (monetary models, models of taxation) (91B64)

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(9)

• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Efficient monetary equilibrium: An overlapping generations model with nonstationary monetary policies
• On learning and the nonuniqueness of equilibrium in an overlapping generations model with fiat money
• Transitional dynamics in sticky-information general equilibrium models
• Estimating structural parameters in regression models with adaptive learning
• LEARNING TO FORECAST AND CYCLICAL BEHAVIOR OF OUTPUT AND INFLATION
• Internal rationality, imperfect market knowledge and asset prices
• Saddlepath learning
• Are hyperinflation paths learnable?

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