Publications

      “Performance of Inflation Targeting Based on Constant Interest Rate Projections” (with Seppo Honkapohja) forthcoming in the Journal of Economic Dynamics and Control (download pdf file)

      “Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy?” (with Seppo Honkapohja), Journal of Monetary Economics, 51, 1743-1770, 2004, available from http://www1.elsevier.com/homepage/sae/econworld/econbase/monec/frame.htm

    “Monetary Policy with Internal Central Bank Forecasting. A Case of Heterogenous Information” (with Seppo Honkapohja) in From National Gain to Global Markets, Essays in Honour of Paavo Okko on His 60th Birthday". Edited by Mika Widgren, 2004. (download pdf file)

     “Performance of Monetary Policy with Internal Central Bank Forecasting” (with Seppo Honkapohja), Journal of Economic Dynamics and Control, 29, 627-658, 2005, available from http://www1.elsevier.com/homepage/sae/econworld/econbase/dyncon/frame.htm

“Is more data better?” Journal of Economic Behavior and Organization, 56, 263-272, 2005, available from http://www1.elsevier.com/homepage/sae/econworld/econbase/jebo/frame.htm

“Learning about Monetary Policy Rules” (with James B. Bullard), Journal of Monetary Economics, 49, 1105-1129, 2002. available from http://www1.elsevier.com/homepage/sae/econworld/econbase/monec/frame.htm

“Desirability of Nominal GDP Targeting Under Adaptive Learning” Journal of Money, Credit, and Banking, 35,  197-220, 2003.

“Learning with Bounded Memory in Stochastic Models” (with Seppo Honkapohja), Journal of Economic Dynamics and Control, 27, 1437-1457, 2003. available from http://www1.elsevier.com/homepage/sae/econworld/econbase/monec/frame.htm

“On Capital Accumulation Paths in a Neoclassical Stochastic Growth Model,” Economic Theory 11, p. 457-464, 1998.


 


Working Papers

  Adaptive Learning in Stochastic Nonlinear Models: A New Stability Result (with Seppo Honkapohja). (download pdf file)

   Learning Stability in Economies with Heterogenous Agents (with Seppo Honkapohja). (download pdf file)

    “Determinacy, Learnability, and Monetary Policy Inertia” (with James Bullard).(download pdf file)

 
 
 


Notes: Euler Equation Learning versus Infinite Horizon Learning

  “Notes on Agents' Behavioral Rules Under Adaptive Learning and Recent Studies of Monetary Policy” (with Seppo Honkapohja and George Evans). (download pdf file

 
 


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Last change: 1 October 2004.