Saddlepath learning

Saddlepath learning occurs when agents learn adaptively using a perceived law of motion that has the same form as the saddlepath relationship in rational expectations equilibrium. Under saddlepath learning, we obtain a completely general relationship between determinacy and e-stability, and general...

Полное описание

Библиографические подробности
Главные авторы: Ellison, M, Pearlman, J
Формат: Working paper
Опубликовано: University of Oxford 2010

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