Showing 1 - 10 of 13
We study how the use of judgement or “add-factors” in macroeconomic forecasting may disturb the set of equilibrium outcomes when agents learn using recursive methods. We isolate conditions under which new phenomena, which we call exuberance equilibria, can exist in standard macroeconomic...
Persistent link: https://www.econbiz.de/10011604601
Persistent link: https://www.econbiz.de/10003456474
Persistent link: https://www.econbiz.de/10003750483
Persistent link: https://www.econbiz.de/10002577773
Persistent link: https://www.econbiz.de/10001630048
Persistent link: https://www.econbiz.de/10001630126
Persistent link: https://www.econbiz.de/10001630131
Persistent link: https://www.econbiz.de/10001630133
Persistent link: https://www.econbiz.de/10001218938
Persistent link: https://www.econbiz.de/10001242831