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A Continuity Refinement for Rational Expectations Solutions

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NBER2012-08-01 更新2025-01-04 收录
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Linear RE models typically possess a multiplicity of solutions. Consider, however, the requirement that the solution coefficients must not be infinitely discontinuous in the model's structural parameters. In particular, we require that the solutions should be continuous in the limit as those

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2012-08-01
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