Learning and Expectations in Macroeconomics

"This excellent book brings together and extends two decades of work on learning in self-referential equilibrium models in macroeconomics. The discussions presented by George Evans and Seppo Honkapohja are technically superb, well written, and well motivated in terms of content."--Thomas Sargent, Stanford University and Hoover Institution "An important methodological and technical achievement that will set the standard against which all other macroeconomic learning analyses must be measured. Economists need to know how to analyze systems under the recursive learning assumption and what kind of results can be obtained. Evans and Honkapohja have fully worked out methods to analyze the resulting dynamics."--James Bullard, Assistant Vice President and Economist, Federal Reserve Bank of St. LouisEvans, George W. is the author of 'Learning and Expectations in Macroeconomics', published 2001 under ISBN 9780691049212 and ISBN 0691049211.