Economically Sensible Solutions for Linear Rational Expectations Models with Forward and Backward Looking Dynamic Processes
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Using variants of a modified version of Dornbusch's model of price level and exchange rate dynamics, it is demonstrated that satisfaction of the formal condition for existence of a unigue non-explosive solution of a linear rational expectations model with forward and backward looking dynamic
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美国国家经济研究局创建时间:
1984-07-01



