Consistent expectations and misspecification in stochastic non-linear economies

DOI10.1016/j.jedc.2003.08.007zbMath1202.91165MaRDI QIDQ953769

Bruce McGough, William A. Branch

Publication date: 6 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2003.08.007

zbMATH Keywords

adaptive learning; rational expectations; non-linear dynamics; misspecification

Mathematics Subject Classification ID

91B52: Special types of economic equilibria

91A26: Rationality and learning in game theory

91B69: Heterogeneous agent models

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Cites Work

• On the preservation of deterministic cycles when some agents perceive them to be random fluctuations
• Stable sunspot solutions in models with predetermined variables
• Intrinsic heterogeneity in expectation formation
• On Endogenous Competitive Business Cycles
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