Evans, George W. (contributor); … - 2008
standard benchmark in
macroeconomics since theseminal work of Lucas(1976) andSargentandWal-
lace (1975), has been employed in … macroeconomics.
3
This research is based on a prin-
ciple of cognitive consistency stating that private agents and policy-makers
1 …) provide a treatise on the analysis of adaptive learn-
ing and its implications in macroeconomics. Evans and Honkapohja (1999 …