Causality, Structure, and the Uniqueness of Rational Expectations Equilibria
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Consider a rational expectations (RE) model that includes a relationship between variables `x_t` and `z_(t+1)`. To be considered structural and potentially useful as a guide to actual behavior, this model must specify whether `x_t` is influenced by the expectation at t of `z_(t+1)` or, alternatively
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美国国家经济研究局创建时间:
2009-08-01



