Learning and expectations in macroeconomics / George W. Evans and Seppo Honkapohja.

Format:

Book

Author/Creator:

Evans, George W., 1949-

Contributor:

Honkapohja, Seppo, 1951-

Series:

Frontiers of economic research

Language:

English

Subjects (All):

Rational expectations (Economic theory).

Economics--Methodology.

Economics.

Economics--Statistical methods.

Physical Description:

xviii, 421 pages : illustrations ; 24 cm.

Place of Publication:

Princeton, N.J. : Princeton University Press, [2001]

Summary:

"This excellent book brings together and extends two decades of work on learning in self-referential equilibrium models in macroeconomics. The discussions presented by George Evans and Seppo Honkapohja are technically superb, well written, and well motivated in terms of content."--Thomas Sargent, Stanford University and Hoover Institution

"An important methodological and technical achievement that will set the standard against which all other macroeconomic learning analyses must be measured. Economists need to know how to analyze systems under the recursive learning assumption and what kind of results can be obtained. Evans and Honkapohja have fully worked out methods to analyze the resulting dynamics."--James Bullard, Assistant Vice President and Economist, Federal Reserve Bank of St. Louis

Notes:

Includes bibliographical references (pages 389-405) and indexes.

ISBN:

0691049211

OCLC:

45066312