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.
A framework for the analysis of self-confirming policies
Battigalli, Pierpaolo;Cerreia Vioglio, Simone;Maccheroni, Fabio
;Marinacci, Massimo;
2022
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.
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