A framework for the analysis of self-confirming policies

P. Battigalli; S. Cerreia-Vioglio; F. Maccheroni; M. Marinacci; T. Sargent

doi:10.1007/s11238-021-09862-9

A framework for the analysis of self-confirming policies

P. Battigalli, S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci, T. Sargent

Research output: Contribution to journal › Article › peer-review

Abstract

This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monetary policies in a linear-quadratic setting.

Original language	English (US)
Pages (from-to)	455-512
Number of pages	58
Journal	Theory and Decision
Volume	92
Issue number	3-4
DOIs	https://doi.org/10.1007/s11238-021-09862-9
State	Published - Apr 2022

Keywords

Monetary policy
Partial identification
Self-confirming equilibrium

ASJC Scopus subject areas

General Decision Sciences
Developmental and Educational Psychology
Arts and Humanities (miscellaneous)
General Economics, Econometrics and Finance
Applied Psychology
Computer Science Applications
General Social Sciences

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10.1007/s11238-021-09862-9

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AU - Maccheroni, F.

AU - Marinacci, M.

AU - Sargent, T.

PY - 2022/4

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KW - Partial identification

KW - Self-confirming equilibrium

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A framework for the analysis of self-confirming policies

Abstract

Keywords

ASJC Scopus subject areas

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