Saddlepath learning

Saddlepath learning

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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...

書目詳細資料
Main Authors:	Ellison, M, Pearlman, J
格式:	Working paper
出版:	University of Oxford 2010

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