• Biography      
• Curriculum Vitae
• Book: Learning and Expectations in Macroeconomics

Teaching -- Current & Recent Course Syllabi:

• Undergraduate Intermediate Macro (Econ 313)
• Graduate Level Core Macro (Winter Term)
• Graduate Level Advanced Macro Topics
• Graduate Level Econometrics Time Series Analysis
• Economics 424/524 Econometrics

Research Working Papers

Learning about Risk and Return: A Simple Model of Bubbles and Crashes (with William Branch)

Robust Learning Stability with Operational Monetary Policy Rules (with Seppo Honkapohja)

Expectations, Learning and Monetary Policy: An Overview of Recent Research (with Seppo Honkapohja)

Liquidity Traps, Learning and Stagnation (with Seppo Honkapohja and Eran Guse) Abstract,  in press, European Economic Review.

Anticipated Fiscal Policy and Adaptive Learning (with Seppo Honkapohja and Kaushik Mitra) Abstract

Representations and Sunspot Stability (with Bruce McGough) Abstract

Asset Return Dynamics and Learning (with William Branch) Abstract

Stable Finite-State Markov Sunspots (with Bruce McGough) Abstract

Adaptive Learning, Endogenous Inattention and Changes in Monetary Policy (with William Branch, John Carlson and Bruce McGough) Abstract

Implementing Optimal Monetary Policy in New-Keynesian Models with Inertia (with Bruce McGough) Abstract

Generalized Stochastic Gradient Learning (with Seppo Honkapohja and Noah Williams) Abstract

A Model of Near-Rational Exuberance (with James Bullard and Seppo Honkapohja), mimeo.

Monetary Policy, Endogenous Inattention and the Volatility Trade-off (with William Branch, John Carlson and Bruce McGough) Abstract, forthcoming in Economic Journal.

Learning in Macroeconomics (with Seppo Honkapohja), forthcoming in the New Palgrave Dictionary of Economics, Second Edition.

Notes: Euler Equation vs. Infinite Horizon Learning

• Notes on Agents' Behavioral Rules under Adaptive Learning and Recent Studies of Monetary Policy (with Seppo Honkapohja and Kaushik Mitra).

                                            Recent Published Papers
 

• Monetary Policy, Judgment and Near-Rational Exuberance (with James Bullard and Seppo Honkapohja),  American Economic Review. Vol. 98, 2008, 1163-1177.
• Can Perpetual Learning Explain the Forward Premium Puzzle? (with Avik Chakraborty). Abstract, Journal of Monetary Economics, Vol. 55, 2009, 477-490.
• Policy Interaction, Learning and the Fiscal Theory of Prices (with Seppo Honkapohja) Abstract, Macroeconomic Dynamics, Vol. 11, 2007, 665 – 690.
• Optimal Constrained Interest-rate Rules (with Bruce McGough) Abstract, Journal of Money, Credit and Banking, Vol. 39, 2007, 1335-1356.
• Model Uncertainty and Endogenous Volatility (with William Branch) Abstract, Review of Economic Dynamics, Vol. 19, 2007, 207-237.
• Stable Sunspot Equilibria in a Cash-in-Advance Model (with Seppo Honkapohja and Ramon Marimon)  The B.E. Journal of Macroeconomics, 2007, Vol. 7: Iss. 1 (Advances), Article 3. Download from BE Press. Abstract
• The E-Correspondence Principle (with Seppo Honkapohja), Economica, 2007, Vol, 74, 33-50. Abstract
• Are Hyperinflation Paths Learnable? (with Klaus Adam and Seppo Honkapohja), Journal of Economic Dynamics and Control, Vol. 30, 2006, 2725-2748. Abstract
• Adaptive Expectations, Underparameterization and the Lucas Critique (with Garey Ramey), Journal of Monetary Economics, 2006, Vol. 53, 249-264. Abstract
• A Simple Recursive Forecasting Model (with William Branch), Economics Letters, 2006, Vol. 91, 158-166.  Abstract
• Intrinsic Heterogeneity in Expectation Formation (with William Branch), Journal of Economic Theory, 2006, Vol. 127, 264-295. Abstract
• Monetary Policy, Expectations and Commitment (with Seppo Honkapohja), Scandinavian Journal of Economics, 2006, Vol. 108, 15-38.  Long Version Abstract
• Coordination on Saddle-Path Solutions: the Eductive Viewpoint -- Linear Multivariate Models (with Roger Guesnerie), Journal of Economic Theory, 2005, Vol. 124, 202-229. Abstract
• Monetary Policy, Indeterminacy and Learning (with Bruce McGough), Journal of Economic Dynamics and Control, 2005, Vol. 29, 1809-1840. Abstract
• An Interview with Thomas J. Sargent (with Seppo Honkapohja), Macroeconomic Dynamics, 2005, Vol. 9, 561-583. Abstract
• Policy Interaction, Expectations and the Liquidity Trap (with Seppo Honkapohja), Review of Economic Dynamics, 2005, Vol. 8, 2005, 303-323. Abstract
• Indeterminacy and the Stability Puzzle in Non-Convex Economies (with Bruce McGough), Contributions to Macroeconomics, 2005, Vol. 5, Issue 1, Article 8. Download from BE Press.  Abstract
• Stable Sunspot Solutions in Models with Predetermined Variables (with Bruce McGough), Journal of Economic Dynamics and Control, 2005, Vol. 29, 601-625.  Abstract
• Monetary Policy and Stable Indeterminacy with Inertia (with Bruce McGough), Economics Letters , 2005, Vol. 87, 1-7.  Abstract
• Comment on Orphanides-Williams in Inflation Targeting, ed. Ben Bernanke and Michael Woodford, 2005, NBER and University of Chicago Press.
• Adaptive Learning and Monetary Policy Design (with Seppo Honkapohja), Journal of Money, Credit and Banking, 2003, Vol. 35, 1045-1072.  Abstract
• Expectations and the Stability Problem for Optimal Monetary Policy (with Seppo Honkapohja), Review of Economic Studies, 2003, Vol. 70, 807-824. Abstract
• Friedman's Money Supply Rule vs. Optimal Interest Rate Policy (with Seppo Honkapohja), Scottish Journal of Political Economy, 2003, Vol. 50, 550-566.  Abstract
• Expectational Stability of Stationary Sunspot Equilibria in a Forward-looking Model (with Seppo Honkapohja), Journal of Economic Dynamics and Control, 2003, Vo. 28, 171-181. Abstract
• Existence of Adaptively Stable Sunspot Equilibria near an Indeterminate Steady State (with Seppo Honkapohja), Journal of Economic Theory, 2003, Vol. 111, 125-134. Abstract
• Coordination on Saddle Path Solutions: the Eductive Viewpoint -- Linear Univariate Models (with Roger Guesnerie), Macroeconomic Dynamics, 2003, Vol. 7, 42-62. Abstract
• Expectations in Macroeconomics: Adaptive vs. Eductive Learning Revue Economique, 2001, Vol. 52, No. 3, 573-582.
  
  Abstracts of selected earlier publications:
• Convergence in Monetary Inflation Models with Heterogeneous Learning Rules (with Seppo Honkapohja and Ramon Marimon), Macroeconomic Dynamics, 2001
• Convergence for Difference Equations with Vanishing Time Dependence (with Seppo Honkapohja), Economic Theory, 2000
• Learning Dynamics (with Seppo Honkapohja), Handbook of Macroeconomics, 1999
• Growth Cycles (with Seppo Honkapohja and Paul Romer), American Economic Review, 1998
• Calculation, Adaptation and Rational Expectations (with Garey Ramey), Macroeconomic Dynamics, 1998
• Economic Dynamics With Learning: New Stability Results (with Seppo Honkapohja), Review of Economic Studies, 1998
• Local Convergence of Recursive Learning to Steady states and Cycles in Stochastic Nonlinear Models (with Seppo Honkapohja), Econometrica, 1995
• On the Stability of Sunspot Equilibria under Adaptive Learning Rules (with Seppo Honkapohja), Journal of Economic Theory, 1994
• Information, Forecasts and Measurement of the Business Cycle (with Lucrezia Reichlin), Journal of Monetary Economics, 1994
• Rationalizability, Strong Rationality and Expectational Stability (with Roger Guesnerie), Games and Economic Behavior, 1993
• On the Preservation of Deterministic Cycles when some Agents Perceive Them to be Random Fluctuations (with Seppo Honkapohja and Thomas J. Sargent), Journal of Economic Dynamics and Control, 1993
• Expectation Calculation and Macroeconomic Dynamics (with Garey Ramey), American Economic Review, 1992
• On the Robustness of Bubbles in Linear RE Models (with Seppo Honkapohja), International Economic Review, 1992
• Pitfalls in Testing for Explosive Bubbles in Asset Prices, American Economic Review, 1991
• Output and Unemployment Dynamics in the United States: 1950-1985, Journal of Applied Econometrics, 1989
• The Fragility of Sunspots and Bubbles, Journal of Monetary Economics, 1989
• A Complete Characterization of ARMA solutions to Linear Rational Expectations Models (with Seppo Honkapohja), Review of Economic Studies, 1986
• A Test for Speculative Bubbles in the Sterling-Dollar Exchange Rate: 1981-84, American Economic Review, 1986
• Selection Criteria for Models with Non-Uniqueness, Journal of Monetary Economics, 1986
• Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models, Quarterly Journal of Economics, 1985
• Bottlenecks and the Phillips Curve: a Disaggregated Keynesian Model of Inflation, Output and Unemployment, Economic Journal, 1985
  
   
• Commentary
  • Register Guard guest column, Dec. 20, 2001: State badly needs a rainy day fund  
• Encyclopedia Entry
  • Economics of Expectations. International Encyclopedia of the Social and Behavioral Sciences, 2001.

• Paper reprints of published papers available on request. PDF files of reprints are available from me in many cases.  Send me an email, write or phone.

Contact me via

• Office mailing address

  Department of Economics

  1285 University of Oregon

  Eugene, OR 97403-1285

• E-mail to gevans "at" uoregon "dot" edu
• Office phone: (541)-346-4662
• Office fax: (541)-346-1243

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