plausibility of perfect foresight trajectories in forward-looking dynamical systems: determinacy of trajectories, absence of …

This note shows that there are close connections between the determinacy of a stationary state equilibrium and its …

. So far, this determinacy criterion has been applied to particular solutions, in general some steady state or periodic … innovation of this paper is to apply the determinacy criterion to the sets of coefficients of these linear difference equations …

This paper studies relationships between the local determinacy of a stationary equilibrium in the perfect foresight … variables. In such a framework, it is well known that there are no clear links between the determinacy of the stationary state … rate perfect foresight dynamics on these coefficients and proves equivalence between determinacy in that dynamics and …