E-stability in the stochastic Ramsey model

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 118
Issue: 2
Pages: 407-410

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Analytical expectational stability results are obtained for both Euler-equation and infinite-horizon adaptive learning in a simple stochastic growth model. The rational expectations equilibrium is stable under both types of learning, though there are important differences in the learning dynamics.

Technical Details

RePEc Handle
repec:eee:ecolet:v:118:y:2013:i:2:p:407-410
Journal Field
General
Author Count
2
Added to Database
2026-01-25