Learning and expectations in macroeconomics /
"A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by...
| Príomhchruthaitheoirí: | , |
|---|---|
| Formáid: | Licensed eBooks |
| Teanga: | Béarla |
| Foilsithe / Cruthaithe: |
Princeton, N.J. :
Princeton University Press
[2001]
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| Sraith: | Frontiers of economic research.
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| Rochtain ar líne: | https://www.jstor.org/stable/10.2307/j.ctt7s6t9 |
Clár na nÁbhar:
- Part I: View of the landscape. Expectations and the learning approach
- Introduction to the techniques
- Variations on a theme
- Applications
- Part II: Mathematical background and tools. The mathematical background
- Tools: stochastic approximation
- Further topics in stochastic approximation
- Univariate linear models
- Further topics in linear models
- Multivariate linear models
- Nonlinear models: steady states
- Cycles and sunspot equilibria
- Misspecification and learning
- Persistent learning dynamics
- Extensions and other approaches
- Conclusions.