Understanding Markov-Switching Rational Expectations Models
收藏NBER2009-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14710
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资源简介：
We develop a set of necessary and sufficient conditions for equilibria to be determinate in a class of forward-looking Markov-switching rational expectations models and we develop an algorithm to check these conditions in practice. We use three examples, based on the new-Keynesian model of monetary
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美国国家经济研究局创建时间：
2009-02-01
