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Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes …. -- Cointegrated VAR ; unit root approximation ; economic theory models ; expectations ; hybrid new Keynesian Phillips curve ; general …
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Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes … theory models ; expectations ; general equilibrium ; DSGE models …
Persistent link: https://www.econbiz.de/10003698538
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Focusing on the testable implications on the equilibrium manifold, we show that the rationalizability problem is NP-complete. Subsequently, we present an integer programming (IP) approach to characterizing general equilibrium models. This approach avoids the use of the Tarski-Seidenberg...
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