Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
收藏NBER2002-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9218
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资源简介:
After some historical discussion of the rational expectations (RE) solution procedures of John Muth, Alan Walters, and Robert Lucas, this paper considers the relevance for actual economies of issues stemming from the existence of multiple RE equilibria. In all linear models, the minimum state
提供机构:
美国国家经济研究局
创建时间:
2002-09-01



