Future events

  • 2019-11-21T11:00:00+02:00
  • 2019-11-28T14:00:00+02:00
November 21 Thursday

Nov 21, 2019 11:00 AM to Nov 28, 2019 02:00 PM
Helsinki, Arkadiankatu 7, Economicum building, seminar room 3-4

The course analyses expectations and learning in dynamic stochastic macroeconomics. We develop techniques for solving for rational expectations equilibrium (REE) and examine whether economic agents endowed imperfect knowledge but following statistical learning schemes will over time converge to REE. Cases where learning can lead to non-REE learning dynamics and dynamic paths of temporary equilibria are also considered. The approach has yielded important implications for different aspects of macroeconomic policy. Monetary policy has in particular been studied. A range of other applications are also discussed.