๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models

โœ Scribed by George Evans


Book ID
124315869
Publisher
MIT Press
Year
1985
Tongue
English
Weight
348 KB
Volume
100
Category
Article
ISSN
0033-5533

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


Computing sunspot equilibria in linear r
โœ Thomas A. Lubik; Frank Schorfheide ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 311 KB

We provide a computationally simple method of analyzing the e ects of fundamental and sunspot shocks in linear rational expectations models when the equilibrium is indeterminate. Under indeterminacy sunspots can a ect model dynamics through endogenous forecast errors. Moreover, the e ect of fundamen

On the solution of the linear rational e
โœ Hugo Kruiniger ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 197 KB

In this paper the symmetric linear rational expectations model from is generalized by allowing for multiple lags. By using a convenient decomposition of the matrix lag polynomial of the Euler}Lagrange equations that encompasses that for the Kollintzas model, it is shown that the model admits a uniq