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
โฆ LIBER โฆ
Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models
โ Scribed by George Evans
- Book ID
- 124315869
- Publisher
- MIT Press
- Year
- 1985
- Tongue
- English
- Weight
- 348 KB
- Volume
- 100
- Category
- Article
- ISSN
- 0033-5533
- DOI
- 10.2307/1885681
No coin nor oath required. For personal study only.
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