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INTRODUCTION TO THE SPECIAL ISSUE: COORDINATION IN DYNAMIC EXPECTATIONS MODELS: LEARNING AND SUNSPOTS

Published online by Cambridge University Press:  07 January 2003

George W. Evans  and
Roger Guesnerie
George W. Evans
Affiliation:
University of Oregon
Roger Guesnerie
Affiliation:
DELTA and Collège de France
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Extract

The title speaks for itself: This special issue focuses attention on dynamical models in which expectations matter and in which expectational coordination is not taken for granted. This is a subject that has generated a lot of research in the past 20 years; the sample of papers presented here is witness to the present activity and the ongoing progress of our understanding. Here, as in previous research, the rational expectations construct remains the anchor of the analysis of expectational coordination, but it is subject to the additional critical scrutiny for which the present state of our knowledge calls more and more.

Type
Other
Information
Macroeconomic Dynamics , Volume 7 , Issue 1 , February 2003 , pp. 3 - 6
Copyright
© 2003 Cambridge University Press

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