News shocks or parametric indeterminacy? an observational equivalence result in linear rational expectations models

DOI10.1016/J.ECONLET.2011.09.028zbMATH Open1242.91113OpenAlexW2095407959MaRDI QIDQ435790FDOQ435790

Authors: Marco M. Sorge 

Publication date: 12 July 2012

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2011.09.028

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zbMATH Keywords

rational expectationsobservational equivalencenews shocksparametric indeterminacy

Mathematics Subject Classification ID

Economic time series analysis (91B84) Dynamic stochastic general equilibrium theory (91B51)

Cites Work

• Identification in Parametric Models
• WHAT WE DON'T KNOW ABOUT THE MONETARY TRANSMISSION MECHANISM AND WHY WE DON'T KNOW IT
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• On the dynamic implications of news shocks
• Identification of rational expectations models
• Title not available (Why is that?)

Cited In (5)

• Another look at the identification of current rational-expectations models
• On the dynamic implications of news shocks
• Arbitrary initial conditions and the dimension of indeterminacy in linear rational expectations models
• News shocks, nonfundamentalness and volatility
• Identifying noise shocks

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