Browsing by Subject "Multiple equilibria"

Navigation

Now showing items 1-2 of 2

Monetary Policy and Heterogeneous Expectations

Branch, William A.; Evans, George W., 1949- (University of Oregon, Dept of Economics, 2010-04-30)

This paper studies the implications for monetary policy of heterogeneous expectations in a New Keynesian model. The assumption of rational expec- tations is replaced with parsimonious forecasting models where agents ...
Three essays on adaptive learning, institutions and multiple equilibria

Steiger, Laura Christina, 1977- (University of Oregon, 2009-06)

This dissertation examines the role that institutions play in the existence of multiple equilibria in models of economic development. In addition, it examines the dynamics of transition between such equilibria. In the first ...