Winding number criterion for existence and uniqueness of equilibrium in linear rational expectations models

DOI10.1016/j.jedc.2005.02.001zbMath1198.91151MaRDI QIDQ956505

Alexei Onatski

Publication date: 25 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2005.02.001

zbMATH Keywords

equilibrium; winding number; linear rational expectations models

Mathematics Subject Classification ID

91B64: Macroeconomic theory (monetary models, models of taxation)

91B50: General equilibrium theory

Related Items

Dynamic mortality factor model with conditional heteroskedasticity, Solution algorithm to a class of monetary rational equilibrium macromodels with optimal monetary policy design

Uses Software

• Uhlig Toolkit
• Gensys

Cites Work

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• Factorization indices for matrix polynomials
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?