Another weakness of ``determinacy as a selection criterion for rational expectations models

DOI10.1016/J.ECONLET.2009.03.005MaRDI QIDQ1046199zbMATH OpenOpenAlexFDO

Authors Bennett T. McCallum, Seong-Hoon Cho

Publication date 21 December 2009

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2009.03.005

zbMATH Keywords

determinacyrational expectationsstability

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Multisectoral models in economics (91B66)

Recommendations

• Determinacy in linear rational expectations models
• DYNAMIC EQUIVALENCE PRINCIPLE IN LINEAR RATIONAL EXPECTATIONS MODELS
• When does determinacy imply expectational stability?
• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Determinacy, indeterminacy and dynamic misspecification in linear rational expectations models

Cites work

• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• The Solution of Linear Difference Models under Rational Expectations
• Using the generalized Schur form to solve a multivariate linear rational expectations model

Cited in

(1)

• The forward method as a solution refinement in rational expectations models

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