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Search: subject:"stability of equilibria"
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stability of equilibria
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Are Stationary Hyperinflation Paths Learnable?
Adam, Klaus
;
Evans, George W.
;
Honkapohja, Seppo
-
Center for Financial Studies
-
2004
: C62, D83, D84, E31 Keywords: Indeterminacy, inflation,
stability
of
equilibria
, seigniorage 1Introduction The …
Persistent link: https://www.econbiz.de/10005120784
Saved in:
2
Are stationary hyperinflation paths learnable?
Adam, Klaus
;
Evans, George W.
;
Honkapohja, Seppo
-
Center for Financial Studies
-
2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized model. Our main focus is on stationary hyperinflationary paths near the...
Persistent link: https://www.econbiz.de/10010958763
Saved in:
3
Are stationary hyperinflation paths learnable?
Adam, Klaus
;
Evans, George W.
;
Honkapohja, Seppo
-
2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized model. Our main focus is on stationary hyperinflationary paths near the...
Persistent link: https://www.econbiz.de/10010298287
Saved in:
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