Adaptive Expectations, Underpa-rameterization and the Lucas Critique

By George W. Evans, Garey Ramey. 2006

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The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “The chosen gain could be a function of, among other factors, the policy regime in place and therefore subject to the Lucas critique see, for example, Evans and Ramey (2006).”
Optimal Monetary Policy When Agents are Learning (2010, unknown): “49Recent research addressing the issue of choosing an optimal tracking parameter are Benveniste and P. (1990), Evans and Ramey (2005) and Evans and Honkapohja (1993).”
House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (2013, unknown): “…real consumption and the employment-to-population ratio.2 The unwinding of excess household leverage via higher saving or increased defaults is 1King (1994) identified a similar correlation between prior increases in household leverage and the severity of the early 1990s recession using data for…”
A simple recursive forecasting model (2006, background): “(The theoretical link between degree of structural change and equilibrium gain in a self-referential model is investigated in [11].”