{"id":"https://openalex.org/W3124614318","doi":"https://doi.org/10.1111/1467-937x.00196","title":"Escaping Nash Inflation","display_name":"Escaping Nash Inflation","publication_year":2002,"publication_date":"2002-01-01","ids":{"openalex":"https://openalex.org/W3124614318","doi":"https://doi.org/10.1111/1467-937x.00196","mag":"3124614318"},"language":"en","primary_location":{"id":"doi:10.1111/1467-937x.00196","doi":"https://doi.org/10.1111/1467-937x.00196","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-937x.00196","pdf_url":null,"source":{"id":"https://openalex.org/S88935262","display_name":"The Review of Economic Studies","issn_l":"0034-6527","issn":["0034-6527","1467-937X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Economic Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.355584","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5110739426","display_name":"In\u2010Koo Cho","orcid":"https://orcid.org/0000-0001-7917-9151","observed_orcids":["https://orcid.org/0000-0001-7917-9151","https://orcid.org/0000-0002-5168-9536"]},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]},{"id":"https://openalex.org/I2801919071","display_name":"University of Illinois System","ror":"https://ror.org/05e94g991","country_code":"US","type":"education","lineage":["https://openalex.org/I2801919071"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"In-Koo Cho","raw_affiliation_strings":["University of Illinois"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Illinois","institution_ids":["https://openalex.org/I157725225","https://openalex.org/I2801919071"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Noah Williams","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I20089843","display_name":"Princeton University","ror":"https://ror.org/00hx57361","country_code":"US","type":"education","lineage":["https://openalex.org/I20089843"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Noah Williams","raw_affiliation_strings":["Princeton University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Princeton University","institution_ids":["https://openalex.org/I20089843"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002088217","display_name":"Thomas J. Sargent","orcid":"https://orcid.org/0000-0002-5457-0944","observed_orcids":["https://orcid.org/0000-0002-5457-0944"]},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Thomas J. Sargent","raw_affiliation_strings":["Stanford University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Stanford University","institution_ids":["https://openalex.org/I97018004"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":4952,"currency":"GBP","value_usd":6530},"apc_paid":null,"fwci":30.9197,"has_fulltext":true,"cited_by_count":210,"citation_normalized_percentile":{"value":0.99578644,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"69","issue":"1","first_page":"1","last_page":"40"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.8256999850273132,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.8256999850273132,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.13920000195503235,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.01810000091791153,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/nash-equilibrium","display_name":"Nash equilibrium","score":0.5569999814033508},{"id":"https://openalex.org/keywords/self-confirming-equilibrium","display_name":"self-confirming equilibrium","score":0.8209999799728394},{"id":"https://openalex.org/keywords/escape-dynamics","display_name":"escape dynamics","score":0.7730000019073486},{"id":"https://openalex.org/keywords/natural-rate-hypothesis","display_name":"natural rate hypothesis","score":0.7139999866485596},{"id":"https://openalex.org/keywords/least-squares-learning","display_name":"least squares learning","score":0.7409999966621399},{"id":"https://openalex.org/keywords/self-referential-systems","display_name":"self-referential systems","score":0.8309999704360962},{"id":"https://openalex.org/keywords/adaptive-learning","display_name":"adaptive learning","score":0.35899999737739563},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.31299999356269836}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7125868201255798},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.5787813663482666},{"id":"https://openalex.org/C96016098","wikidata":"https://www.wikidata.org/wiki/Q853949","display_name":"Rational expectations","level":2,"score":0.5749677419662476},{"id":"https://openalex.org/C148220186","wikidata":"https://www.wikidata.org/wiki/Q7111912","display_name":"Outcome (game theory)","level":2,"score":0.5552051663398743},{"id":"https://openalex.org/C46814582","wikidata":"https://www.wikidata.org/wiki/Q23389","display_name":"Nash equilibrium","level":2,"score":0.5481371283531189},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.5295653939247131},{"id":"https://openalex.org/C2781147659","wikidata":"https://www.wikidata.org/wiki/Q1151466","display_name":"Adaptive expectations","level":3,"score":0.5098973512649536},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.507691502571106},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.43035072088241577},{"id":"https://openalex.org/C125014702","wikidata":"https://www.wikidata.org/wiki/Q4680749","display_name":"Adaptive learning","level":2,"score":0.41982054710388184},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.37984105944633484},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.355979323387146},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.33384525775909424},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1949591040611267},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.1515102982521057},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.08289089798927307},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.06558868288993835},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":14,"locations":[{"id":"doi:10.1111/1467-937x.00196","doi":"https://doi.org/10.1111/1467-937x.00196","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1467-937x.00196","pdf_url":null,"source":{"id":"https://openalex.org/S88935262","display_name":"The Review of Economic Studies","issn_l":"0034-6527","issn":["0034-6527","1467-937X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Economic Studies","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.355584","doi":"https://doi.org/10.2139/ssrn.355584","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.355584","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:ecb:ecbwps:20000023","doi":null,"is_oa":false,"landing_page_url":"http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp023.pdf","pdf_url":"http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp023.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},{"id":"pmh:oai:RePEc:ecb:ecbwps:200023","doi":null,"is_oa":false,"landing_page_url":"https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp023.pdf","pdf_url":"https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp023.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:econstor.eu:10419/152457","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/152457","pdf_url":"http://hdl.handle.net/10419/152457","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.31.9177","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.31.9177","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"ftp://zia.stanford.edu/pub/sargent/webdocs/research/csw16.ps","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.36.3936","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.36.3936","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ecb.int/pub/wp/ecbwp023.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.408.2930","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.408.2930","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"https://files.nyu.edu/ts43/public/research/csw19.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.43.3321","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.43.3321","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"ftp://zia.stanford.edu/pub/sargent/webdocs/research/intom16.ps","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.607.6743","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.607.6743","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.914.9780","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.914.9780","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://users.nber.org/%7Esargent/csw19.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.919.2650","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.919.2650","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://restud.oxfordjournals.org/content/69/1/1.full.pdf","raw_type":"text"},{"id":"mag:3124614318","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:ecb:ecbwps:20000023","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:oup:restud:v:69:y:2002:i:1:p:1-40","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/1467-937X.00196","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.355584","doi":"https://doi.org/10.2139/ssrn.355584","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.355584","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7099383098","https://openalex.org/W7098553168","https://openalex.org/W2044972125","https://openalex.org/W7112187716","https://openalex.org/W1550405395","https://openalex.org/W2888573722","https://openalex.org/W3125032886","https://openalex.org/W7044514482","https://openalex.org/W1586342260","https://openalex.org/W2235841845"],"abstract_inverted_index":{"An":[0],"ordinary":[1],"differential":[2],"equation":[3],"(ODE)":[4],"gives":[5],"the":[6,11,45,49,57,70,94],"mean":[7],"dynamics":[8,28,47,64],"that":[9,29],"govern":[10],"convergence":[12],"to":[13,69,91],"self-confirming":[14,43],"equilibria":[15],"of":[16,56],"self-referential":[17],"systems":[18],"under":[19],"discounted":[20],"least":[21],"squares":[22],"learning.":[23],"Another":[24],"ODE":[25],"governs":[26],"escape":[27,46,62],"recurrently":[30],"propel":[31],"away":[32],"from":[33],"a":[34,38,41,54,76],"selfconfirming":[35],"equilibrium.":[36],"In":[37],"model":[39,77],"with":[40,78],"unique":[42],"equilibrium,":[44],"make":[48],"government":[50],"discover":[51],"too":[52],"strong":[53],"version":[55],"natural":[58],"rate":[59,74],"hypothesis.":[60],"The":[61],"route":[63],"cause":[65],"recurrent":[66],"outcomes":[67],"close":[68],"Ramsey":[71],"(commitment)":[72],"inflation":[73],"in":[75,93],"an":[79,83],"adaptive":[80],"government.":[81],"\u201cIf":[82],"unlikely":[84],"event":[85],"occurs,":[86],"it":[87],"is":[88],"very":[89],"likely":[90],"occur":[92],"most":[95],"likly":[96],"way.\u201d":[97],"Michael":[98],"Harrison":[99]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":9},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":8},{"year":2015,"cited_by_count":11},{"year":2014,"cited_by_count":14},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":8}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-02-01T00:00:00"}