Journal article icon

Journal article

Saddlepath learning.

Abstract:

Saddlepath learning occurs when agents know the form but not the coefficients of the saddlepath relationship defining rational expectations equilibrium. Under saddlepath learning, we obtain a completely general relationship between determinacy and e-stability, and generalise Minimum State Variable results previously derived only under full information. When the system is determinate, we show that a learning process based on the saddlepath is always e-stable. When the system is indeterminate, ...

Expand abstract

Actions


Access Document


Files:
Publisher copy:
10.1016/j.jet.2011.03.005

Authors


Journal:
Journal of Economic Theory
Volume:
146
Issue:
4
Publication date:
2011-01-01
DOI:
URN:
uuid:6d4c53c2-600b-430e-8c18-a48815647915
Local pid:
oai:economics.ouls.ox.ac.uk:15151
Language:
English

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP