Reappraising Fix-Point Formalizations of Rational Expectations Equilibria

dc.contributor.author	Velupillai, K. Vela	en
dc.date.accessioned	2010-05-20T14:03:58Z	en
dc.date.available	2010-05-20T14:03:58Z	en
dc.date.issued	2005	en
dc.identifier.citation	Velupillai, K.V., (2005) "Reappraising Fix-Point Formalizations of Rational Expectations Equilibria" (Working Paper No. 0096) Department of Economics, National University of Ireland, Galway.	en
dc.identifier.uri	http://hdl.handle.net/10379/1104	en
dc.description.abstract	The paper begins with a brief introduction to the origins of the tradition of formalizing the determination of a rational expectations equilibrium using topological fix points. It is then suggested that fidelity to the twin economic conceptual bases of rational expectations - self-reference and infinite regress - are not encapsulated in the topological formalism. To remedy this defect, a recursion theoretic formalism for modelling rational expectations equilibria is developed.	en
dc.format	application/pdf	en
dc.language.iso	en	en
dc.publisher	National University of Ireland, Galway	en
dc.relation.ispartofseries	Working Paper;No. 0096	en
dc.subject	Rational expectations equilibria	en
dc.subject	Topological fix-points	en
dc.subject	Recursion theoretic fix-points	en
dc.subject	Self-reference	en
dc.subject	Infinite regress	en
dc.subject	Economics	en
dc.title	Reappraising Fix-Point Formalizations of Rational Expectations Equilibria	en
dc.type	Working Paper	en
dc.description.peer-reviewed	peer-reviewed	en