Chatterji, Shurojit; Chattopadhyay, Subir - Centro de Investigación Económica (CIE), Departamento … - 2002
Consider a one step forward looking self-referential model with a one dimensional state variable where the information set available to agents when they make their forecast for the next period includes the current realization of an extrinsic random process but does not include the current value...