Refining Linear Rational Expectations Models and Equilibria
收藏NBER2012-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18348
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资源简介：
This paper proposes forward convergence as a model refinement scheme for linear rational expectations (LRE) models and an associated no-bubble condition as a solution selection criterion. We relate these two concepts to determinacy and characterize the complete set of economically relevant rational
提供机构：
美国国家经济研究局
创建时间：
2012-08-01
