The full set of solutions of linear rational expectations models

被引：4
|
作者：
Funovits, Bernd [1 ]
机构：
[1] Univ Helsinki, Dept Polit & Econ Studies, POB 17,Arkadiankatu 7, FIN-00014 Helsinki, Finland
来源：
ECONOMICS LETTERS | 2017年 / 161卷
基金：
芬兰科学院;
关键词：
Rational expectations; Indeterminacy; Full set of solutions;
D O I：
10.1016/j.econlet.2017.09.021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2017 The Author(s). Published by Elsevier B.V.
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页码：47 / 51
页数：5
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