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Learning and expectations in macroeconomics

Author: George W Evans; Seppo Honkapohja
Publisher: Princeton : Princeton University Press, ©2001.
Series: Frontiers of economic research.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:

Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. This title explains a variety of expectation  Read more...

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Details

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: George W Evans; Seppo Honkapohja
ISBN: 0691049211 9780691049212
OCLC Number: 45066312
Description: xviii, 421 p. : ill. ; 24 cm.
Contents: 1. Expectations and the Learning Approach --
2. Introduction to the Techniques --
3. Variations on a Theme --
4. Applications --
5. The Mathematical Background --
6. Tools: Stochastic Approximation --
7. Further Topics in Stochastic Approximation --
8. Univariate Linear Models --
9. Further Topics in Linear Models --
10. Multivariate Linear Models --
11. Nonlinear Models: Steady States --
12. Cycles and Sunspot Equilibria --
13. Misspecification and Learning --
14. Persistent Learning Dynamics --
15. Extensions and Other Approaches --
16. Conclusions.
Series Title: Frontiers of economic research.
Responsibility: George W. Evans and Seppo Honkapohja.
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"An excellent, wide ranging and detailed survey of what is known about the stability under learning of a wide variety of models... [A]n essential reference for researchers."--Margaret Bray, Journal Read more...

 
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