, we formally assess if such model is either consistent with a unique equilibrium or with indeterminacy. Importantly, our …. However, our results are further supported by a proposed identification-robust indicator of indeterminacy …

, we formally assess if such model is either consistent with a unique equilibrium or with indeterminacy. Importantly, our …. However, our results are further supported by a proposed identification-robust indicator of indeterminacy …

-based (classical or Bayesian) empirical investigation of determinacy/indeterminacy in stationary LRE models and are particular useful …

) model has a unique stable solution (determinacy) against the alternative of multiple stable solutions (indeterminacy). Under … distributions, and (iii) gives rise to a joint test which is consistent against indeterminacy almost everywhere in the space of … reasonable size coverage and power in finite samples. An empirical illustration focuses on the determinacy/indeterminacy of a New …

) model has a unique stable solution (determinacy) against the alternative of multiple stable solutions (indeterminacy). Under … distributions, and (iii) gives rise to a joint test which is consistent against indeterminacy almost everywhere in the space of … reasonable size coverage and power in finite samples. An empirical illustration focuses on the determinacy/indeterminacy of a New …

-based (classical or Bayesian) empirical investigation of determinacy/indeterminacy in stationary LRE models and are particular useful …