A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets

Econometrica ◽  
1985 ◽  
Vol 53 (3) ◽  
pp. 629 ◽  
Author(s):  
Anat R. Admati
Keyword(s):  
Rational Expectations ◽  
Securities Markets ◽  
Rational Expectations Equilibrium ◽  
Noisy Rational Expectations

EVOLUTIONARY ALGORITHMS IN MACROECONOMIC MODELS

2000 ◽  
Vol 4 (3) ◽  
pp. 373-414 ◽  
Author(s):  
Jasmina Arifovic
Keyword(s):  
Evolutionary Algorithms ◽  
Rational Expectations ◽  
Evolutionary Dynamics ◽  
Equilibrium Selection ◽  
Transitional Dynamics ◽  
Rational Expectations Equilibrium ◽  
Macroeconomic Models ◽  
Stability Of Equilibria ◽  
Long Run

This paper provides a survey of the applications of evolutionary algorithms in macroeconomic models. Discussion is organized around the issues related to stability of equilibria, equilibrium selection, transitional dynamics, and the long-run evolutionary dynamics different from rational-expectations equilibrium outcomes. The survey also discusses criteria that can be used to evaluate the performance and usefulness of evolutionary algorithms in the macroeconomic context.

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