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dc.contributor.authorEvans, George W., 1949-
dc.contributor.authorMcGough, Bruce
dc.date.accessioned2003-08-15T21:11:27Z
dc.date.available2003-08-15T21:11:27Z
dc.date.issued2002-04-17
dc.identifier.urihttp://hdl.handle.net/1794/100
dc.description.abstractWe consider a linear stochastic univariate rational expectations model, with a predetermined variable, and provide alternative representations of SSEs (stationary sunspot equilibria). For a strict subset of the parameter space there exist SSEs that are locally stable under least squares learning provided agents use a common factor representation for their estimated law of motion. These results indicate that for some parameter regions SSEs are more likely to arise under private agent learning than previously recognized.en
dc.format.extent529408 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.publisherUniversity of Oregon, Dept. of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers;2002-16
dc.subjectEconomicsen
dc.subjectSunspotsen
dc.titleStable Sunspot Solutions in Models with Predetermined Variablesen
dc.typeWorking Paperen


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