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

DOI10.1016/J.ECONLET.2011.09.028MaRDI QIDQ435790zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

rational expectationsobservational equivalencenews shocksparametric indeterminacy

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 3941216 (Why is no real title available?)
• Identification in Parametric Models
• Identification of rational expectations models
• On the dynamic implications of news shocks
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• WHAT WE DON'T KNOW ABOUT THE MONETARY TRANSMISSION MECHANISM AND WHY WE DON'T KNOW IT

Cited in

(5)

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

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