A Generalized Approach to Indeterminacy in Linear Rational Expectations Models
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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.
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美国国家经济研究局创建时间：
2017-06-01
