Saddlepath learning

DOI10.1016/J.JET.2011.03.005MaRDI QIDQ634518zbMATHOpenAlexFDO

Authors Martin Ellison, Joseph Pearlman

Publication date 16 August 2011

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

Full work available at URL https://doi.org/10.1016/j.jet.2011.03.005

zbMATH Keywords

learningdeterminacyE-stabilitysaddlepath stability

Mathematics Subject Classification ID

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

Recommendations

• Saddlepath learning, MSV learning and consistency of subjective expectations
• Learning and the saddle point property
• Stochastic saddle paths and economic theory
• Determinacy and stability under learning of rational expectations equilibria
• Learning equilibria

Cites work

• Are hyperinflation paths learnable?
• Convergence of least squares learning mechanisms in self-referential linear stochastic models
• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices
• Learning to Believe in Sunspots
• Monetary policy, indeterminacy and learning
• Solutions to linear rational expectations models: a compact exposition
• The Solution of Linear Difference Models under Rational Expectations
• When does determinacy imply expectational stability?

Cited in

(9)

• Learnability of an equilibrium with private information
• Learning and the saddle point property
• Saddlepath learning, MSV learning and consistency of subjective expectations
• Learning in two-dimensional beauty contest games: theory and experimental evidence
• When does determinacy imply expectational stability?
• Comments on ``Keynesian economics without the Phillips curve by R. E. A. Farmer and G. Nicolò
• Minimal state variable solutions to Markov-switching rational expectations models
• E-stability vis-à-vis determinacy in regime-switching models
• Stochastic saddle paths and economic theory

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