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...
| Main Authors: | , |
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| Format: | Working paper |
| Udgivet: |
University of Oxford
2010
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