Functional sunspot equilibria
Consider a one step forward looking model where agents believe that the equilibrium values of the state variable are determined by a function whose domain is the current value of the state variable and whose range is the value for the subsequent period. An agent's forecast for the subsequent pe...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1885 https://ink.library.smu.edu.sg/context/soe_research/article/2885/viewcontent/9712367.pdf |
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| Institution: | Singapore Management University |
| Language: | English |