Matches in SemOpenAlex for { <https://semopenalex.org/work/W2076475002> ?p ?o ?g. }
Showing items 1 to 84 of
84
with 100 items per page.
- W2076475002 endingPage "559" @default.
- W2076475002 startingPage "551" @default.
- W2076475002 abstract "Abstract This paper offers a theory of model reference adaptive beliefs as a selection device in Markov-switching economies under equilibrium indeterminacy. Consistent with the classical rational choice paradigm, our theory requires that endogenous expectations be replaced with a general-measurable function of the observable states of the model, to be determined optimally. This forecasting function is derived as the regime-independent feedback control minimizing the mean-square deviation of the equilibrium path from the corresponding perfect-foresight state motion (the reference model). We show that model reference adaptive expectations always generate a rational expectations equilibrium, irrespective of the presence of nonlinearities and/or imperfect information. Under equilibrium indeterminacy, this forecasting mechanism enforces the unique mean-square stable solution producing nearly perfect-foresight dynamics." @default.
- W2076475002 created "2016-06-24" @default.
- W2076475002 creator A5042321295 @default.
- W2076475002 creator A5058534354 @default.
- W2076475002 date "2013-05-01" @default.
- W2076475002 modified "2023-10-01" @default.
- W2076475002 title "Model reference adaptive expectations in Markov-switching economies" @default.
- W2076475002 cites W1496767079 @default.
- W2076475002 cites W1588300322 @default.
- W2076475002 cites W1964380094 @default.
- W2076475002 cites W1987465129 @default.
- W2076475002 cites W1992865529 @default.
- W2076475002 cites W2003830355 @default.
- W2076475002 cites W2014077903 @default.
- W2076475002 cites W2025637327 @default.
- W2076475002 cites W2033176172 @default.
- W2076475002 cites W2041458217 @default.
- W2076475002 cites W2045688953 @default.
- W2076475002 cites W2049444775 @default.
- W2076475002 cites W2051556621 @default.
- W2076475002 cites W2068385125 @default.
- W2076475002 cites W2087096517 @default.
- W2076475002 cites W2102263066 @default.
- W2076475002 cites W2108228747 @default.
- W2076475002 cites W2110416009 @default.
- W2076475002 cites W2114133278 @default.
- W2076475002 cites W2127510984 @default.
- W2076475002 cites W2132874543 @default.
- W2076475002 cites W2137000086 @default.
- W2076475002 cites W2152717893 @default.
- W2076475002 cites W2166076743 @default.
- W2076475002 cites W3121650654 @default.
- W2076475002 cites W3122280204 @default.
- W2076475002 cites W3123074162 @default.
- W2076475002 cites W3125450854 @default.
- W2076475002 cites W3125817943 @default.
- W2076475002 cites W3126099446 @default.
- W2076475002 cites W3143829545 @default.
- W2076475002 doi "https://doi.org/10.1016/j.econmod.2013.02.033" @default.
- W2076475002 hasPublicationYear "2013" @default.
- W2076475002 type Work @default.
- W2076475002 sameAs 2076475002 @default.
- W2076475002 citedByCount "3" @default.
- W2076475002 countsByYear W20764750022017 @default.
- W2076475002 countsByYear W20764750022023 @default.
- W2076475002 crossrefType "journal-article" @default.
- W2076475002 hasAuthorship W2076475002A5042321295 @default.
- W2076475002 hasAuthorship W2076475002A5058534354 @default.
- W2076475002 hasConcept C105795698 @default.
- W2076475002 hasConcept C139719470 @default.
- W2076475002 hasConcept C149782125 @default.
- W2076475002 hasConcept C162324750 @default.
- W2076475002 hasConcept C165556158 @default.
- W2076475002 hasConcept C33923547 @default.
- W2076475002 hasConcept C556758197 @default.
- W2076475002 hasConcept C98763669 @default.
- W2076475002 hasConceptScore W2076475002C105795698 @default.
- W2076475002 hasConceptScore W2076475002C139719470 @default.
- W2076475002 hasConceptScore W2076475002C149782125 @default.
- W2076475002 hasConceptScore W2076475002C162324750 @default.
- W2076475002 hasConceptScore W2076475002C165556158 @default.
- W2076475002 hasConceptScore W2076475002C33923547 @default.
- W2076475002 hasConceptScore W2076475002C556758197 @default.
- W2076475002 hasConceptScore W2076475002C98763669 @default.
- W2076475002 hasLocation W20764750021 @default.
- W2076475002 hasOpenAccess W2076475002 @default.
- W2076475002 hasPrimaryLocation W20764750021 @default.
- W2076475002 hasRelatedWork W1754374229 @default.
- W2076475002 hasRelatedWork W2030308438 @default.
- W2076475002 hasRelatedWork W2082126551 @default.
- W2076475002 hasRelatedWork W2093110416 @default.
- W2076475002 hasRelatedWork W2269922602 @default.
- W2076475002 hasRelatedWork W2494591592 @default.
- W2076475002 hasRelatedWork W2944769454 @default.
- W2076475002 hasRelatedWork W2998770179 @default.
- W2076475002 hasRelatedWork W4368366587 @default.
- W2076475002 hasRelatedWork W48053462 @default.
- W2076475002 hasVolume "32" @default.
- W2076475002 isParatext "false" @default.
- W2076475002 isRetracted "false" @default.
- W2076475002 magId "2076475002" @default.
- W2076475002 workType "article" @default.