{"created":"2021-03-01T07:12:37.405238+00:00","id":51426,"links":{},"metadata":{"_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","sets":["62:7892","9:7435:7439"]},"item_8_biblio_info_7":{"attribute_name":"書誌情報","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":"抄録","attribute_value_mlt":[{"subitem_description":"This paper investigates whether sunspot equilibria are stable under agents’ 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’ 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":"内容記述","attribute_value_mlt":[{"subitem_description":"Publisher's another name: JSPS Grants-in-Aid for Scientific Research (S) Central Bank Communication Design","subitem_description_type":"Other"}]},"item_8_publisher_20":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"Research Project on Central Bank Communication"}]},"item_8_relation_25":{"attribute_name":"関係URI","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":"著者版フラグ","attribute_value_mlt":[{"subitem_select_item":"publisher"}]},"item_8_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"Department of Economics, University of Oregon"},{"subitem_text_value":"Faculty of Economics, Kansai University"}]},"item_creator":{"attribute_name":"著者","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":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2019-02-14"}],"displaytype":"detail","filename":"cb-wp005.pdf","filesize":[{"value":"11.5 MB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","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":"キーワード","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":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","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":"タイトル","attribute_value_mlt":[{"subitem_title":"Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information"}]},"item_type_id":"8","owner":"1","path":["7892","7439"],"pubdate":{"attribute_name":"公開日","attribute_value":"2019-02-14"},"publish_date":"2019-02-14","publish_status":"0","recid":"51426","relation_version_is_last":true,"title":["Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information"],"weko_creator_id":"1","weko_shared_id":2},"updated":"2022-12-19T04:38:45.657696+00:00"}