The Full Set of Solutions of Linear Rational Expectations Models

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

Sammanfattning

This article characterises the dimension of indeterminacy of linear rational expectations (LRE) models and derives their full set of solutions. It extends the analysis of indeterminate equilibria in Lubik and Schorfheide (2003) where some equilibria are incorrectly classified as indeterminate even though they entail the same observable outcome.
Originalspråkengelska
TidskriftEconomics Letters
Volym161
Sidor (från-till)47-51
Antal sidor5
ISSN0165-1765
DOI
StatusPublicerad - 18 sep 2017
MoE-publikationstypA1 Tidskriftsartikel-refererad

Vetenskapsgrenar

  • 511 Nationalekonomi

Citera det här