刘婷文副教授的著作《Three Essays on Economic Growth and Learning》由Scholar's Press，已于2021年7月出版。
内容简介：
This book is a collection of three essays about the economics growth and learning. In the first essay, I present a characterization of undiscounted optimal transition dynamics in a two-sector optimal growth model with convex, non-differentiable technology sets. In light of the recent work of Khan and Mitra, geometric and algebraic techniques are applied for this study, and rich optimal transition dynamics are obtained, in which the optimal policy can be constituted by a set of values under certain conditions. These dynamics are linked with interesting economic phenomena; for instance, economics have multiple choices for capital stock in the future and demonstrate cyclical labor productivity.
In the third essay, I analyze the economy with bounded-rational agents specializing in consumption and production for special goods and meet randomly over time based on Lagos-Wright type of monetary model. Agents learn to use certain good as the medium of exchange, or commodity money, and trade it at a premium over their consumption value. The purpose of this paper is to show how agents converge to the monetary equilibrium from autarky according to a certain learning algorithm and to test the stability of this equilibrium.
