UNSPECIFIED (1993) NONCOMPUTABLE RATIONAL-EXPECTATIONS EQUILIBRIA. MATHEMATICAL SOCIAL SCIENCES, 25 (2). pp. 133-142. ISSN 0165-4896

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Abstract

Using techniques drawn from recursive function theory, the computability of rational expectations equilibria in infinite horizon economies is investigated. The concept of a recursive economy is defined. An example of an overlapping generations model is given which is recursive but possesses only monetary equilibria which are non-computable.

Item Type:	Journal Article
Subjects:	Q Science > QA Mathematics H Social Sciences
Journal or Publication Title:	MATHEMATICAL SOCIAL SCIENCES
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0165-4896
Date:	February 1993
Volume:	25
Number:	2
Number of Pages:	10
Page Range:	pp. 133-142
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/21497

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