Learning and expectations in macroeconomics /

A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expec...

• Main Author: Evans, George W., 1949-
• Other Authors: Honkapohja, Seppo, 1951-
• Format: Book
• Language: English
• Published: New Jersey, N.J. : Princeton University Press, 2001
• Series: Frontiers of economic research
• Subjects: EXPECTATIVAS RACIONALES; METODOLOGIA ECONOMICA; MODELOS MATEMATICOS

Table of Contents:

• Preface
• Chapter 1. Expectations and the Learning Approach
• Chapter 2. Introduction to the Techniques
• Chapter 3. Variations on a Theme
• Chapter 4. Applications
• Chapter 5. The Mathematical Background
• Chapter 6. Tools: Stochastic Approximation
• Chapter 7. Further Topics in Stochastic Approximation
• Chapter 8. Univariate Linear Models
• Chapter 9. Further Topics in Linear Models
• Chapter 10. Multivariate Linear Models
• Chapter 11. Nonlinear Models: Steady States
• Chapter 12. Cycles and Sunspot Equilibria
• Chapter 13. Misspecification and Learning
• Chapter 14. Persistent Learning Dynamics
• Chapter 15. Extensions and Other Approaches
• Chapter 16. Conclusions
• Bibliography
• Author Index
• Subject Index.