A Generalized Approach to Indeterminacy in Linear Rational Expectations Models
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https://www.nber.org/papers/w23521
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资源简介：
We propose a novel approach to deal with the problem of indeterminacy in Linear Rational Expectations models. The method consists of augmenting the original model with a set of auxiliary exogenous equations that are used to provide the adequate number of explosive roots in presence of indeterminacy.
提供机构：
美国国家经济研究局
创建时间：
2017-06-01
