Can Learnability Save New-Keynesian Models?
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https://www.nber.org/papers/w15459
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资源简介:
Bennett McCallum (2009), applying Evans and Honkapohja's (2001) results, argues that "learnability" can save New-Keynesian models from their indeterminacies. He claims the unique bounded equilibrium is learnable, and the explosive equilibria are not. However, he assumes that agents can directly
提供机构:
美国国家经济研究局
创建时间:
2009-10-01



