IDEAS home Printed from https://ideas.repec.org/p/zbw/wuewep/55.html
   My bibliography  Save this paper

E-Stabilty: Über die Lernbarkeit von rationalen Erwatungsgleichgewichten

Author

Listed:
  • Henzel, Steffen
  • Mayer, Eric
  • Schimpfermann, Bodo

Abstract

Dieses vorläufige Papier beinhaltet keinerlei neuen Erkenntnisse, sondern fasst lediglich einige zentrale Aspekte der makroökonomischen Lerntheorie (siehe Evans, Honkajohja (2001)) knapp zusammen. Es wird der Frage nachgegangen ob rationale Erwartungsgleichgewichte lernbar sind. Lernen bedeutet in diesem Zusammenhang im Wesentlichen, dass die ökonomischen Agenten mit dem Eintreffen neuer Daten ihre Schätzungen über makroökonomische Strukturgleichungen revidieren. Ökonomische Agenten können also so beschrieben werden, als ob sie wie ein Ökonometriker neue Informationen verarbeiten. In diesem kleinen Beitrag wollen wir erörtern welche formalen Bedingungen für stabiles adaptives Lernen erfüllt sein müssen.

Suggested Citation

  • Henzel, Steffen & Mayer, Eric & Schimpfermann, Bodo, 2004. "E-Stabilty: Über die Lernbarkeit von rationalen Erwatungsgleichgewichten," W.E.P. - Würzburg Economic Papers 55, University of Würzburg, Chair for Monetary Policy and International Economics.
  • Handle: RePEc:zbw:wuewep:55
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/22349/1/wep55.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Bullard, James & Mitra, Kaushik, 2002. "Learning about monetary policy rules," Journal of Monetary Economics, Elsevier, vol. 49(6), pages 1105-1129, September.
    2. George W. Evans & Seppo Honkapohja, 2003. "Adaptive learning and monetary policy design," Proceedings, Federal Reserve Bank of Cleveland, pages 1045-1084.
    3. McCallum, Bennett T., 1998. "Solutions to linear rational expectations models: a compact exposition," Economics Letters, Elsevier, vol. 61(2), pages 143-147, November.
    4. Heinz-Peter Spahn, 2004. "Learning in Macroeconomics and Monetary Policy: The Case of an Open Economy," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 236/2004, Department of Economics, University of Hohenheim, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    MSV-Solution; Adaptive Learning; E-Stability;

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:wuewep:55. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics). General contact details of provider: http://edirc.repec.org/data/wfwuede.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.