Animations for Gasteiger (2014, JMCB).
Expectations-based reaction function
conventional objective, misspecified model, α ∈ [0,1]
Implicit instrument rule
alternative objective, α ∈ [0,1] and θ = 0.9
alternative objective, α ∈ [0,1] and θ = 1.1
Expectations-based reaction function
alternative objective, α ∈ [0,1] and θ = 0.9
