Doshchyn, Artur; Giommetti, Nicola - Volkswirtschaftliche Fakultät, … - 2013
learn, form their expectations, and make decisions regarding savings and production for future periods. There are no …”, with output way below or above the true equilibrium level. Even though this is not formally an equilibrium, the convergence … are unexpected by agents, or if future price expectations are not adjusted exactly proportionally to the announced …