Para acceder a los documentos con el texto completo, por favor, siga el siguiente enlace: http://hdl.handle.net/10230/437

Adaptive learning in models with lagged variables
Leiva, Wilfredo
Universitat Pompeu Fabra. Departament d'Economia i Empresa
In this work I study the stability of the dynamics generated by adaptivelearning processes in intertemporal economies with lagged variables. Iprove that determinacy of the steady state is a necessary condition for the convergence of the learning dynamics and I show that the reciprocal is not true characterizing the economies where convergence holds. In the case of existence of cycles I show that there is not, in general, a relationship between determinacy and convergence of the learning process to the cycle. I also analyze the expectational stability of these equilibria.
15-09-2005
Statistics, Econometrics and Quantitative Methods
intertemporal equilibrium
models with lagged variables
adaptive learning processes
expectational stability
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Documento de trabajo
         

Mostrar el registro completo del ítem