The E-Correspondence Principle

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dc.contributor.author Evans, George W., 1949-
dc.contributor.author Honkapohja, Seppo, 1951-
dc.date.accessioned 2003-12-15T19:39:41Z
dc.date.available 2003-12-15T19:39:41Z
dc.date.issued 2003-06-23
dc.identifier.uri http://hdl.handle.net/1794/132
dc.description.abstract We introduce the E-correspondence principle for stochastic dynamic expectations models as a tool for comparative dynamics analysis. The principle is applicable to equilibria that are stable under least squares and closely related learning rules. With this technique it is possible to study, without explicit solving for the equilibrium, how properties of the equilibrium are affected by changes in the structural parameters of the model. Even if qualitative comparative dynamics results are not obtainable, a quantitative version of the principle can be applied. en
dc.format.extent 244242 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher University of Oregon, Dept of Economics en
dc.relation.ispartofseries University of Oregon Economics Department Working Papers;2003-27
dc.title The E-Correspondence Principle en
dc.type Working Paper en


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