A framework for the analysis of self-confirming policies

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

    Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
    Pages (from-to)455-512
    Number of pages58
    JournalTheory and Decision
    Volume92
    Issue number3-4
    DOIs
    StatePublished - Apr 2022

    Keywords

    • Monetary policy
    • Partial identification
    • Self-confirming equilibrium

    ASJC Scopus subject areas

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

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