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dc.contributor.authorVelupillai, K. Velaen
dc.identifier.citationVelupillai, 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.description.abstractThe 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.publisherNational University of Ireland, Galwayen
dc.relation.ispartofseriesWorking Paper;No. 0096en
dc.subjectRational expectations equilibriaen
dc.subjectTopological fix-pointsen
dc.subjectRecursion theoretic fix-pointsen
dc.subjectInfinite regressen
dc.titleReappraising Fix-Point Formalizations of Rational Expectations Equilibriaen
dc.typeWorking Paperen

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