Violi, Roberto
(1985)
inancial Panic, Rational Expectations (Equilibrium) and Chaotic Dynamics: Power and Limits of Financial Market Stabilization under Stocastic Money Interest Rate and the Role of Internationl Asymmetries.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 33.
DOI 10.6092/unibo/amsacta/5293.
In: Quaderni - Working Paper DSE
(19).
ISSN 2282-6483.
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Abstract
This paper analyses the concept of Rational Expectations Equilibrium in a simple dynamic model of assets price determination and the important implications for the relative concept of informational efficiency.
Abstract