Browsing ECO Articles by Author "HONKAPOHJA, Seppo M. S."

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Browsing ECO Articles by Author "HONKAPOHJA, Seppo M. S."

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    Title: Convergence in Monetary Inflation Models with Heterogeneous Learning Rules  Author(s): EVANS, George W.; HONKAPOHJA, Seppo M. S.; MARIMON, Ramon Date: 2001 Type of Publication: Article Abstract: Inflation and the monetary financing of deficits are analyzed in a model in which the deficit is constrained to be less than a given fraction of a measure of aggregate market activity. Depending on parameter values, the ...