under private agent learning can in some cases be stable when the observed sunspot has a suitable time series structure. In …

We examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia …

We examine stability under learning of sunspot equilibria in Real Business Cycle type models with indeterminacies. Our … form contains parameter regions in which sunspots are stable under learning. However, for parameters restricted to those …

be led to rules that generate indeterminacy and/or instability under learning. This problem is compounded by uncertainty … about structural parameters since an optimal rule that is determinate and stable under learning for one calibration may be … indeterminate or unstable under learning under a different calibration. We advocate a procedure in which policymakers restrict …

solutions under adaptive learning, focusing on "common factor" or "resonant frequency" representations in which the observed …

parameter regions in which these sunspots are stable under learning. However, once the parameters are restricted to coincide …

equilibrium: eductive stability never obtains. This impossibility theorem has a counterpart when adaptive learning is incorporated …