Stable sunspot solutions in models with predetermined variables

Article Abstract:

Using a linear stochastic univariate expectation model with predetermined variables the stability of stationary sunspot equilibria (SSE) is examined. Stability of SSE is useful in business cycle theory.

Methods, Usage, Stochastic analysis, Business cycles, Forecasting, Linear systems

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Expectational stability of stationary sunspot equilibria in a forward-looking linear model

Article Abstract:

The authors look at several methods for solving an equation, finding which solutions are learnable, and how adaptive learning affects the solutions.

Models, Equilibrium (Economics)

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Are hyperinflation paths learnable?

Article Abstract:

The impact of exceptionally high inflation rates on a consumer's choice of products is discussed.

United Kingdom, Consumer Behavior, Influence, Inflation (Finance), Consumer behaviour, Inflation (Economics)

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