On the Relationship Between Determinate and MSV Solutions in Linear RE Models
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https://www.nber.org/papers/t0297
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资源简介：
This paper considers the possibility that, in linear rational expectations (RE) models, all determinate (uniquely non-explosive) solutions coincide with the minimum state variable (MSV) solution, which is unique by construction. In univariate specifications of the form y(t) = AE(t)y(t+1) + Cy(t-1) +
提供机构：
美国国家经济研究局
创建时间：
2004-07-01
