Expectational stability of stationary sunspot equilibria in a forward-looking linear model

DOI10.1016/S0165-1889(02)00137-9MaRDI QIDQ951447zbMATH OpenFDO

Authors George W. Evans, Seppo Honkapohja

Publication date 24 October 2008

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

Full work available at URL https://doi.org/10.1016/S0165-1889(02)00137-9

zbMATH Keywords

endogenous fluctuationsexpectational stabilityindeterminacylearnabilityrepresentations of solutions

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Special types of economic equilibria (91B52) Stochastic models in economics (91B70)

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Cites work

• A Complete Characterization of ARMA Solutions to Linear Rational Expectations Models
• Existence of adaptively stable sunspot equilibria near an indeterminate steady state.
• EXPECTATIONS COORDINATION ON A SUNSPOT EQUILIBRIUM: AN EDUCTIVE APPROACH
• scientific article; zbMATH DE number 4211757 (Why is no real title available?)
• Learning to Believe in Sunspots
• On the local stability of sunspot equilibria under adaptive learning rules
• Rational Expectations in Dynamic Linear Models: Analysis of the Solutions
• Stationary sunspot equilibria in an N commodity world
• Sunspot Fluctuations Around a Steady State: The Case of Multidimensional One-Step Forward Looking Economic Models
• Sunspots and Cycles

Cited in

(17)

• Heterogeneous expectations, sunspot equilibria and their fragility
• On the local stability of sunspot equilibria under adaptive learning rules
• A note on Woodford's conjecture: Constructing stationary sunspot equilibria in a continuous time model
• Existence of adaptively stable sunspot equilibria near an indeterminate steady state.
• On sunspot fluctuations in variable capacity utilization models
• Expectational stability of sunspot equilibria in non-convex economies
• E-stability vis-à-vis determinacy in regime-switching models
• Stable near-rational sunspot equilibria
• Representations and sunspot stability
• Learning to Believe in Sunspots
• scientific article; zbMATH DE number 19468 (Why is no real title available?)
• EXPECTATIONS COORDINATION ON A SUNSPOT EQUILIBRIUM: AN EDUCTIVE APPROACH
• DYNAMIC EQUIVALENCE PRINCIPLE IN LINEAR RATIONAL EXPECTATIONS MODELS
• INFORMATION, STABILIZATION, AND WELFARE: THE CASE OF SUNSPOTS
• Adaptive learning in regime-switching models
• Stable sunspot solutions in models with predetermined variables
• Monetary policy, indeterminacy and learning

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