Rational macroeconomic learning in linear expectational models: an analysis of the convergence properties of macroeconomic models under partial information rational expectations and Bayesian learning
The partial information rational expectations solution to a general linear multivariate expectational macro-model is found when agents are uncertain about the true values of the model's parameters. Necessary and sufficient conditions for convergence to the full information rational expectations...
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| Format: | Thesis |
| Language: | English |
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2008
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