Are Policy Variables Exogenous? The Econometric Implications of Learning while Maximizing
1. 1 Motivation and Definition of Topic To provide motivation and to help define the topic of this study, important links between specific areas of economic theory are first highlighted. (i) Learning and Rational Expectations Theory In a standard rational expectations setting, agents in equilibrium...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
1991, 1991
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| Edition: | 1st ed. 1991 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I Introduction
- II A Paradigmatic Example
- III Econometric Implications
- IV Simulation
- V Tests for Exogeneity
- VI Summary, Directions for Future Research
- Appendices
- Appendix A
- Appendix B
- Appendix C
- Appendix D.