Adaptive learning with a unit root: an application to the current account

DOI10.1016/J.JEDC.2009.08.004MaRDI QIDQ846510zbMATH OpenOpenAlexFDO

Authors Ronald B. Davies, Paul Shea

Publication date 9 February 2010

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.2009.08.004

zbMATH Keywords

adaptive learningexpectationscurrent accountinternational debt movements

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82) Economic dynamics (91B55) Stochastic models in economics (91B70) Heterogeneous agent models (91B69) Multisectoral models in economics (91B66)

Recommendations

• LEARNING DYNAMICS AND ENDOGENOUS CURRENCY CRISES
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• Solving the unit root problem in models with an exogenous world market interest rate

Cites work

• LEARNING DYNAMICS AND ENDOGENOUS CURRENCY CRISES
• Least mean squares learning in self-referential linear stochastic models
• Stochastic gradient learning in the cobweb model
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(1)

• On the initialization of adaptive learning in macroeconomic models

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