{"_buckets": {"deposit": "288f7ea8-3524-4816-af9f-4e4015ab58d3"}, "_deposit": {"id": "51426", "owners": [], "pid": {"revision_id": 0, "type": "depid", "value": "51426"}, "status": "published"}, "_oai": {"id": "oai:repository.dl.itc.u-tokyo.ac.jp:00051426"}, "item_8_biblio_info_7": {"attribute_name": "\u66f8\u8a8c\u60c5\u5831", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2019-01-31", "bibliographicIssueDateType": "Issued"}, "bibliographicVolumeNumber": "005", "bibliographic_titles": [{"bibliographic_title": "Working Papers on Central Bank Communication"}]}]}, "item_8_description_5": {"attribute_name": "\u6284\u9332", "attribute_value_mlt": [{"subitem_description": "This paper investigates whether sunspot equilibria are stable under agents\u2019 adaptive learning with imperfect information sets of exogenous variables. Each exogenous variable is observable for a part of agents and unobservable from others so that agents\u2019 forecasting models are heterogeneously misspecified. The paper finds that stability conditions of sunspot equilibria are relaxed or unchanged by imperfect information. In a basic New Keynesian model with highly imperfect information, sunspot equilibria are stable if and only if nominal interest rate rules violate the Taylor principle. This result is contrast to the literature in which sunspot equilibria are stable only if policy rules follow the principle, and is consistent with the observations during past business cycles fluctuations.", "subitem_description_type": "Abstract"}]}, "item_8_description_6": {"attribute_name": "\u5185\u5bb9\u8a18\u8ff0", "attribute_value_mlt": [{"subitem_description": "Publisher\u0027s another name: JSPS Grants-in-Aid for Scientific Research (S) Central Bank Communication Design", "subitem_description_type": "Other"}]}, "item_8_publisher_20": {"attribute_name": "\u51fa\u7248\u8005", "attribute_value_mlt": [{"subitem_publisher": "Research Project on Central Bank Communication"}]}, "item_8_relation_25": {"attribute_name": "\u95a2\u4fc2URI", "attribute_value_mlt": [{"subitem_relation_type_id": {"subitem_relation_type_id_text": "http://www.centralbank.e.u-tokyo.ac.jp/en/category/research-data/", "subitem_relation_type_select": "URI"}}]}, "item_8_select_14": {"attribute_name": "\u8457\u8005\u7248\u30d5\u30e9\u30b0", "attribute_value_mlt": [{"subitem_select_item": "publisher"}]}, "item_8_text_4": {"attribute_name": "\u8457\u8005\u6240\u5c5e", "attribute_value_mlt": [{"subitem_text_value": "Department of Economics, University of Oregon"}, {"subitem_text_value": "Faculty of Economics, Kansai University"}]}, "item_creator": {"attribute_name": "\u8457\u8005", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "McGough, Bruce"}], "nameIdentifiers": [{"nameIdentifier": "153163", "nameIdentifierScheme": "WEKO"}]}, {"creatorNames": [{"creatorName": "Nakagawa, Ryuichi"}], "nameIdentifiers": [{"nameIdentifier": "153164", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "\u30d5\u30a1\u30a4\u30eb\u60c5\u5831", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2019-02-14"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "cb-wp005.pdf", "filesize": [{"value": "11.5 MB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 11500000.0, "url": {"label": "cb-wp005.pdf", "url": "https://repository.dl.itc.u-tokyo.ac.jp/record/51426/files/cb-wp005.pdf"}, "version_id": "7dc97de4-bc73-4c9e-bd34-fb927323f1de"}]}, "item_keyword": {"attribute_name": "\u30ad\u30fc\u30ef\u30fc\u30c9", "attribute_value_mlt": [{"subitem_subject": "Sunspot equilibria", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Stability", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Adaptive learning", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Private information", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Heterogeneous beliefs", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Taylor principle", "subitem_subject_scheme": "Other"}]}, "item_language": {"attribute_name": "\u8a00\u8a9e", "attribute_value_mlt": [{"subitem_language": "eng"}]}, "item_resource_type": {"attribute_name": "\u8cc7\u6e90\u30bf\u30a4\u30d7", "attribute_value_mlt": [{"resourcetype": "technical report", "resourceuri": "http://purl.org/coar/resource_type/c_18gh"}]}, "item_title": "Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information", "item_titles": {"attribute_name": "\u30bf\u30a4\u30c8\u30eb", "attribute_value_mlt": [{"subitem_title": "Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information"}]}, "item_type_id": "8", "owner": "1", "path": ["62/7892", "9/7435/7439"], "permalink_uri": "http://hdl.handle.net/2261/00076545", "pubdate": {"attribute_name": "\u516c\u958b\u65e5", "attribute_value": "2019-02-14"}, "publish_date": "2019-02-14", "publish_status": "0", "recid": "51426", "relation": {}, "relation_version_is_last": true, "title": ["Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information"], "weko_shared_id": 2}