Bullard, James Brian (contributor); … - 2004 - [Elektronische Ressource]
minimize the risk of exuberance equilibria. JEL codes: E520,
E610. Key words: Learning, expectations, excess volatility … learning using the methodologyof
Evans and Honkapohja (2001). We then investigate the equilibrium dynam-
ics of the system if ….1.1 Overview
Our results depend on the idea that agents participating in macroeconomic
systems are learning using recursive …