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Reappraising Fix-Point Formalizations of Rational Expectations Equilibria

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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

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