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We present the first necessary and sufficient conditions for the existence of a unique perfect-foresight solution … conditions on the existence of a solution in such models, and provide a proof of the inescapability of the "curse of …
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conditions on the existence of a solution in such models. These results give determinacy conditions for models with occasionally …
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conditions on the existence of a solution in such models. These results give determinacy conditions for models with occasionally …
Persistent link: https://www.econbiz.de/10011452241
belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for …. We also derive equilibrium existence conditions under rational expectations for arbitrary non-linear models. …
Persistent link: https://www.econbiz.de/10013164715
results on the existence of a solution in the presence of such terminal conditions. These results give determinacy conditions …
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end, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives necessary …
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