A framework for the analysis of self-confirming policies

This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monetary policies in a linear-quadratic setting.

Detalles Bibliográficos
Autores principales: Battigalli, P., Cerreia-Vioglio, S., Maccheroni, F., Marinacci, M., Sargent, T.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8995299/
https://www.ncbi.nlm.nih.gov/pubmed/35493762
http://dx.doi.org/10.1007/s11238-021-09862-9
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author Battigalli, P.
Cerreia-Vioglio, S.
Maccheroni, F.
Marinacci, M.
Sargent, T.
author_facet Battigalli, P.
Cerreia-Vioglio, S.
Maccheroni, F.
Marinacci, M.
Sargent, T.
author_sort Battigalli, P.
collection PubMed
description This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monetary policies in a linear-quadratic setting.
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spelling pubmed-89952992022-04-27 A framework for the analysis of self-confirming policies Battigalli, P. Cerreia-Vioglio, S. Maccheroni, F. Marinacci, M. Sargent, T. Theory Decis Article This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monetary policies in a linear-quadratic setting. Springer US 2022-02-10 2022 /pmc/articles/PMC8995299/ /pubmed/35493762 http://dx.doi.org/10.1007/s11238-021-09862-9 Text en © The Author(s) 2022 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Article
Battigalli, P.
Cerreia-Vioglio, S.
Maccheroni, F.
Marinacci, M.
Sargent, T.
A framework for the analysis of self-confirming policies
title A framework for the analysis of self-confirming policies
title_full A framework for the analysis of self-confirming policies
title_fullStr A framework for the analysis of self-confirming policies
title_full_unstemmed A framework for the analysis of self-confirming policies
title_short A framework for the analysis of self-confirming policies
title_sort framework for the analysis of self-confirming policies
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8995299/
https://www.ncbi.nlm.nih.gov/pubmed/35493762
http://dx.doi.org/10.1007/s11238-021-09862-9
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