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Learning to believe in nonrational expectations that support pareto-superior outcomes

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Author Info
Alfred Maußner

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File URL: http://hdl.handle.net/10.1007/BF01226844
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Publisher Info
Article provided by Springer in its journal Journal of Economics Zeitschrift für Nationalökonomie.

Volume (Year): 65 (1997)
Issue (Month): 3 (October)
Pages: 235-256
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Handle: RePEc:kap:jeczfn:v:65:y:1997:i:3:p:235-256

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Web page: http://www.springerlink.com/link.asp?id=108909

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Related research
Keywords: rational expectations; New Keynesian microfoundations; learning; self-referential systems; D83; E24;

References listed on IDEAS
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  1. Benassy Jean-pascal, 1987. "Objective demand curve in general equilibrium with price makers (the)," CEPREMAP Working Papers (Couverture Orange) 8719, CEPREMAP.
  2. Blanchard, Olivier Jean & Kiyotaki, Nobuhiro, 1987. "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, American Economic Association, vol. 77(4), pages 647-66, September. [Downloadable!] (restricted)
  3. Laurence M. Ball & David Romer, 1989. "Are Prices Too Sticky?," NBER Working Papers 2171, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Duffy John, 1994. "On Learning and the Nonuniqueness of Equilibrium in an Overlapping Generations Model with Fiat Money," Journal of Economic Theory, Elsevier, vol. 64(2), pages 541-553, December. [Downloadable!] (restricted)
  5. Hey, John D., 1994. "Expectations formation: Rational or adaptive or ...?," Journal of Economic Behavior & Organization, Elsevier, vol. 25(3), pages 329-349, December. [Downloadable!] (restricted)
  6. Marcet, Albert & Sargent, Thomas J., 1989. "Convergence of least squares learning mechanisms in self-referential linear stochastic models," Journal of Economic Theory, Elsevier, vol. 48(2), pages 337-368, August. [Downloadable!] (restricted)
  7. Benassy, Jean-Pascal, 1987. "The Objective Demand Curve in General Equilibrium with Price Makers," Economic Journal, Royal Economic Society, vol. 98(390), pages 37-49, Supplemen. [Downloadable!] (restricted)
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