George Evans of U. Oregon Teaches His Masterclass on the Stability of General Equilibrium Macro Models Under Plausible Rules for Learning About How the World Works

George performes a great service here, and so does Mark Thoma by putting it up on his Economist's View:

Economist's View: The Dynamic Properties of New Keynesian Models with Learning: [This one is, as they say, wonkisk.:] As James Bullard noted in the previous post, we "have one of the world's experts on the question of the dynamics" of dynamic stochastic general equilibrium (DSGE) models here at the University of Oregon, particularly models that involve learning. There has been...