Stability of cycles and expectations

DOI10.1016/0022-0531(86)90012-8zbMath0658.90029OpenAlexW2087465770MaRDI QIDQ1111912

Jean-Michel Grandmont, Guy Laroque

Publication date: 1986

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.cepremap.fr/depot/couv_orange/co8519.pdf

zbMATH Keywords

dynamicscycleperfect foresightexpectations functionsfictitious backward perfect foresight dynamics

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items

Equilibrium cycles in an overlapping generations economy with production, Some reflections on past and future of nonlinear dynamics in economics and finance, Expectational diversity in monetary economies, Heterogeneous beliefs and the non-linear cobweb model, Learning with bounded memory in stochastic models, Eductive expectations coordination on deterministic cycles in an economy with heterogeneous agents, A family production overlapping generations economy, Theoretical tests of the rational expectations hypothesis in economic dynamical models, Determinacy and stability under learning of rational expectations equilibria, Learning and the saddle point property, Endogenous fluctuations in a bounded rationality economy: learning non-perfect foresight equilibria

Cites Work

• Dynamics of expectations in temporary general equilibrium theory
• Symmetry and continuity properties of Lindahl equilibria
• Formation of expectations. A model in temporary general equilibrium theory
• Is error learning behaviour stabilizing?
• On Endogenous Competitive Business Cycles
• Rational Choice and Erratic Behaviour