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Are Policy Variables Exogenous?

- The Econometric Implications of Learning while Maximizing

Bag om Are Policy Variables Exogenous?

This literature shows that learning is a possible mechanism to acquire the necessary level of information that agents are assumed to possess in a rational expectations equilibrium and hence there is a clear link between rational expectations theory and the 2 theory of learning.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783540542872
  • Indbinding:
  • Paperback
  • Sideantal:
  • 162
  • Udgivet:
  • 28. august 1991
  • Udgave:
  • 11991
  • Størrelse:
  • 242x170x9 mm.
  • Vægt:
  • 580 g.
  • 8-11 hverdage.
  • 14. december 2024
Forlænget returret til d. 31. januar 2025

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This literature shows that learning is a possible mechanism to acquire the necessary level of information that agents are assumed to possess in a rational expectations equilibrium and hence there is a clear link between rational expectations theory and the 2 theory of learning.

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