E-stability in the Stochastic Ramsey Model

George W Evans, Kaushik Mitra

    Research output: Contribution to journalArticlepeer-review

    2 Citations (Scopus)


    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.
    Original languageEnglish
    Pages (from-to)407-410
    Number of pages4
    JournalEconomics Letters
    Issue number2
    Early online date7 Dec 2012
    Publication statusPublished - Feb 2013


    • Euler-equation learning, Infinite-horizon learning, Expectational Stability


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