SOME IMPLICATIONS OF PARTIAL CURRENT INFORMATION SETS IN MACROECONOMIC MODELS EMBODYING RATIONAL EXPECTATIONS

1983 ◽  
Vol 51 (3) ◽  
pp. 235-249 ◽  
Author(s):  
A. P. L. MINFORD ◽  
D. A. PEEL
2000 ◽  
Vol 4 (3) ◽  
pp. 373-414 ◽  
Author(s):  
Jasmina Arifovic

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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