Evans, George W., 1949-McGough, Bruce2004-10-202004-10-202004-03-29https://hdl.handle.net/1794/2369 p.We examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia. Indeterminacy remains prevalent, stable sunspots abound, and inertia in IS and AS relations do not significantly impact the policy region containing stable sunspots.174859 bytesapplication/pdfen-USMonetary policySunspotsLearningStabilityWorking Paper