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Browsing Evans, George W. by Subject "E-stability"
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Now showing items 1-4 of 4
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(University of Oregon, Dept of Economics, 2005-09-19)We study the properties of generalized stochastic gradient (GSG) learning in forwardlooking models. We examine how the conditions for stability of standard stochastic gradient (SG) learning both differ from and are related ...
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(University of Oregon, Dept of Economics, 2006-06-03)We consider optimal monetary policy in New Keynesian models with inertia. First order conditions, which we call the MJB-alternative, are found to improve upon the timeless perspective. The MJB-alternative is shown to be ...
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(University of Oregon, Dept of Economics, 2008-07-11)Expectations play a central role in modern macroeconomic theories. The econometric learning approach models economic agents as forming expectations by estimating and updating forecasting models in real time. The learning ...
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(University of Oregon, Dept of Economics, 2007-01-01)By 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 ...
Now showing items 1-4 of 4