Evans, George W.: Recent submissions

  • Coordination on saddle path solutions: the eductive viewpoint 
    Evans, George W., 1949-; Guesnerie, R. (University of Oregon, Dept. of Economics, 2001-05-15)
    We investigate local strong rationality (LSR) in a one step forward looking univariate model with memory one. Eductive arguments are used to determine when common knowledge (CK) that the solution is near some perfect ...
  • Expectations and the Stability Problem for Optimal Monetary Policies 
    Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept. of Economics, 2001-08-03)
    A fundamentals based monetary policy rule, which would be the optimal monetary policy without commitment when private agents have perfectly rational expectations, is unstable if in fact these agents follow standard adaptive ...
  • Stable Sunspot Equilibira in a Cash-in-Advance Economy 
    Evans, George W., 1949-; Honkapohja, Seppo, 1951-; Marimon, Ramon, 1953- (University of Oregon, Dept. of Economics, 2002-10-25)
    We develop a monetary model with flexible supply of labor, cash in advance constraints and government spending financed by seignorage. This model has two regimes. One regime is conventional with two steady states. The other ...

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