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Policy measurement for the dynamic linear model with expectations variables: A multiplier approach

โœ Scribed by Yue Ma

Publisher
Springer US
Year
1992
Tongue
English
Weight
446 KB
Volume
5
Category
Article
ISSN
1572-9974

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๐Ÿ“œ SIMILAR VOLUMES

Tests for bounded rationality with a lin
Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations
โœ Saang Joon Baak ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 197 KB

The purpose of this paper is to develop a methodology which will use economic data to detect the existence of boundedly rational economic agents. The bounded rationality model presented in this paper generalizes a linear dynamic rational expectations model by nesting two types of expectations. In th