Convergence to Rational Expectations in Learning Models: A Note of Caution
نویسندگان
چکیده
We show in a simple monetary model that the learning dynamics do not converge to rational expectations steady state. then it is necessary restrict rule obtain convergence.
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ژورنال
عنوان ژورنال: Review
سال: 2021
ISSN: ['0314-7533']
DOI: https://doi.org/10.20955/r.103.351-65