Learning and Equilibrium Selection in a Monetary Overlapping Generations Model with Sticky Prices.

We study adaptive learning in a monetary overlapping generations model with sticky prices and monopolistic competition for the case where learning agents observe current endogenous variables. Observability of current variables is essential for informational consistency of the learning setup with the...

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Detalles Bibliográficos

Publicado en:	Review of Economic Studies Vol. 70; no. 4; pp. 887 - 908
Autor principal:	Adam, Klaus
Formato:	Artículo
Publicado:	Oxford University Press / UK October 2003
Materias:	Prices > Mathematical models Mathematical models of monetary policy Economic equilibrium Overlapping generations model (Economics)
Acceso en línea:	Ver este registro en EBSCOhost