George W Evans
Biographic Data
| ID | 5734052 |
|---|---|
| NAME | George W Evans |
| GIVEN NAMES | George W |
| FAMILY NAME | Evans |
| SIGNATURE | EVANS G W |
| AFFILIATIONS | University of Oregon and St. Andrews |
| ORCID | 0000-0003-4104-167X |
| VERIFIED | Yes |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 7 |
| AUTHOR COUNT | 12 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1985 |
| LATEST PUBLICATION YEAR | 2018 |
| H-INDEX | 1 |
Eductive Stability in Real Business Cycle Models
This work has been supported by National Science Foundation Grant no. SES-1025011 and by the French National Research Agency, through the program Investissements d’Avenir, ANR-10—LABX_93-01
Revisiting Coase on anticipations and the cobweb model
Expectations, Economics of
Learning and Expectations in Macroeconomics
Monetary Policy, Endogenous Inattention and the Volatility Trade‐off
This article considers the interaction of optimal monetary policy and agents' beliefs. We assume that agents choose their information acquisition rate by minimising a loss function that depends on expected forecast errors and information costs. "Endogenous inattention" is a Nash equilibrium in the information processing rate. Although a decline of policy activism directly increases output volatility, it indirectly anchors expectations, which decr…
The E‐Correspondence Principle
We present a new application of Samuelson's Correspondence Principle to the analysis of comparative dynamics in stochastic rational expectations models. Our version, which we call the E‐correspondence principle, applies to rational expectations equilibria that are stable under least squares and closely related learning rules. With this technique it is sometimes possible to study, without explicitly solving for the equilibrium, how qualitative pro…
Coordination on saddle-path solutions: The eductive viewpoint—linear multivariate models
Friedman's Money Supply Rule vs. Optimal Interest Rate Policy
Using New Keynesian models, we compare Friedman's k ‐percent money supply rule to optimal interest rate setting, with respect to determinacy, stability under learning and optimality. First we review the recent literature: open‐loop interest rate rules are subject to indeterminacy and instability problems, but a properly chosen expectations‐based rule yields determinacy and stability under learning, and implements optimal policy. We show that Frie…
Expectations in Macroeconomics. Adaptive versus Eductive Learning
[fre] Les anticipations macroéconomiques : l'apprentissage adaptatif et divinatoire Les solutions à anticipations rationnelles dans les modèles macroéconomiques décrivent des équilibres qui exigent la coordination des anticipations, et on peut examiner la stabilité locale des ces solutions à la lumière de règles alternatives d'apprentissage. Les approches divinatoires (mentales) à l'apprentissage conduisent à des conditions plus strictes que les …
Expectations in Macroeconomics: Adaptive versus Eductive Learning
Rationalizability, Strong Rationality, and Expectational Stability
Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output and Unemployment
Journal Article Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output and Unemployment Get access George Evans George Evans Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 378, 1 June 1985, Pages 345–357, https://doi.org/10.2307/2233214 Published: 01 June 1985
Eductive Stability in Real Business Cycle Models
This work has been supported by National Science Foundation Grant no. SES-1025011 and by the French National Research Agency, through the program Investissements d’Avenir, ANR-10—LABX_93-01
The E‐Correspondence Principle
We present a new application of Samuelson's Correspondence Principle to the analysis of comparative dynamics in stochastic rational expectations models. Our version, which we call the E‐correspondence principle, applies to rational expectations equilibria that are stable under least squares and closely related learning rules. With this technique it is sometimes possible to study, without explicitly solving for the equilibrium, how qualitative pro…
Expectations in Macroeconomics: Adaptive versus Eductive Learning
Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output and Unemployment
Journal Article Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output and Unemployment Get access George Evans George Evans Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 378, 1 June 1985, Pages 345–357, https://doi.org/10.2307/2233214 Published: 01 June 1985
Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output and Unemployment
Journal Article Bottlenecks and the Phillips Curve: A Disaggregated Keynesian Model of Inflation, Output and Unemployment Get access George Evans George Evans Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 378, 1 June 1985, Pages 345–357, https://doi.org/10.2307/2233214 Published: 01 June 1985
Rationalizability, Strong Rationality, and Expectational Stability
Expectations in Macroeconomics. Adaptive versus Eductive Learning
[fre] Les anticipations macroéconomiques : l'apprentissage adaptatif et divinatoire Les solutions à anticipations rationnelles dans les modèles macroéconomiques décrivent des équilibres qui exigent la coordination des anticipations, et on peut examiner la stabilité locale des ces solutions à la lumière de règles alternatives d'apprentissage. Les approches divinatoires (mentales) à l'apprentissage conduisent à des conditions plus strictes que les …
Expectations in Macroeconomics: Adaptive versus Eductive Learning
Friedman's Money Supply Rule vs. Optimal Interest Rate Policy
Using New Keynesian models, we compare Friedman's k ‐percent money supply rule to optimal interest rate setting, with respect to determinacy, stability under learning and optimality. First we review the recent literature: open‐loop interest rate rules are subject to indeterminacy and instability problems, but a properly chosen expectations‐based rule yields determinacy and stability under learning, and implements optimal policy. We show that Frie…
Coordination on saddle-path solutions: The eductive viewpoint—linear multivariate models
The E‐Correspondence Principle
We present a new application of Samuelson's Correspondence Principle to the analysis of comparative dynamics in stochastic rational expectations models. Our version, which we call the E‐correspondence principle, applies to rational expectations equilibria that are stable under least squares and closely related learning rules. With this technique it is sometimes possible to study, without explicitly solving for the equilibrium, how qualitative pro…
Monetary Policy, Endogenous Inattention and the Volatility Trade‐off
This article considers the interaction of optimal monetary policy and agents' beliefs. We assume that agents choose their information acquisition rate by minimising a loss function that depends on expected forecast errors and information costs. "Endogenous inattention" is a Nash equilibrium in the information processing rate. Although a decline of policy activism directly increases output volatility, it indirectly anchors expectations, which decr…
Learning and Expectations in Macroeconomics
Expectations, Economics of
Revisiting Coase on anticipations and the cobweb model
Eductive Stability in Real Business Cycle Models
This work has been supported by National Science Foundation Grant no. SES-1025011 and by the French National Research Agency, through the program Investissements d’Avenir, ANR-10—LABX_93-01
Economics (11 works) · Computer Science (8 works) · Econometrics (8 works) · Economic theories and models (8 works) · Monetary Policy and Economic Impact (8 works) · Mathematical economics (6 works) · Rational expectations (5 works) · Complex Systems and Time Series Analysis (4 works) · Keynesian economics (4 works) · Macroeconomics (4 works)