Adaptive learning, endogenous uncertainty, and asymmetric dynamics

DOI10.1016/J.JEDC.2014.01.020MaRDI QIDQ1994409zbMATH OpenOpenAlexFDO

Authors Eran A. Guse

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.01.020

zbMATH Keywords

uncertaintyrational expectationsmultiple equilibriaadaptive learningheterogeneous expectationsimitation dynamicsaggregate fluctuations

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• The uncertainty multiplier and business cycles
• Business cycle amplification with heterogeneous expectations
• On learning equilibria
• Expectations Formation and Stability of Large Socioeconomic Systems
• Uncertainty traps

Cites work

• scientific article; zbMATH DE number 19473 (Why is no real title available?)
• scientific article; zbMATH DE number 903638 (Why is no real title available?)
• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• A Rational Route to Randomness
• Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
• Convergence in monetary inflation models with heterogeneous learning rules
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• Excess Volatility and Predictability of Stock Prices in Autoregressive Dividend Models with Learning
• Expectations Formation and Stability of Large Socioeconomic Systems
• Fundamentalists vs. chartists: learning and predictor choice dynamics
• Heterogeneity of agents, transactions costs and the exchange rate
• Intrinsic heterogeneity in expectation formation
• Stability properties for learning with heterogeneous expectations and multiple equilibria
• The Impact of Uncertainty Shocks
• Two problems in applying Ljung's projection algorithms to the analysis of decentralized learning

Cited in

(9)

• The uncertainty multiplier and business cycles
• Adaptive learning and distributional dynamics in an incomplete markets model
• Learning and firm dynamics in a stochastic equilibrium
• Financial crisis and slow recovery with Bayesian learning agents
• Quantifying confidence
• Two-sided learning and short-run dynamics in a New Keynesian model of the economy
• Learnability of an equilibrium with private information
• Modeling the evolution of expectations and uncertainty in general equilibrium
• Asymmetric preferences in real-time learning and the Taylor rule

This page was built for publication: Adaptive learning, endogenous uncertainty, and asymmetric dynamics

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1994409)