Representations and Sunspot Stability

Simple item page
dc.contributor.authorEvans, George W., 1949-
dc.contributor.authorMcGough, Bruce
dc.date.accessioned2007-02-19T19:00:47Z
dc.date.available2007-02-19T19:00:47Z
dc.date.issued2007-01-01
dc.description8 p.en
dc.description.abstractBy endowing his agents with simple forecasting models, or representations, Woodford (1990) found that finite state Markov sunspot equilibria may be stable under learning. We show that common factor representations generalize to all sunspot equilibria the representations used by Woodford (1990). We find that if finite state Markov sunspots are stable under learning then all sunspots are stable under learning, provided common factor representations are used.en
dc.format.extent122477 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/1794/3871
dc.language.isoen_USen
dc.publisherUniversity of Oregon, Dept of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers ; 2007-1en
dc.subjectIndeterminacyen
dc.subjectSunspotsen
dc.subjectEquilibriaen
dc.subjectE-stabilityen
dc.titleRepresentations and Sunspot Stabilityen
dc.typeWorking Paperen

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
UO-2007-1_Evans_Representations.pdf
Size:
119.61 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
Name:
license.txt
Size:
2.2 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economics Working Papers
Evans, George W.