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Persistent link: https://www.econbiz.de/10009626166
Persistent link: https://www.econbiz.de/10011578185
This paper proposes forward convergence as a model refinement scheme for linear rational expectations (LRE) models and an associated no-bubble condition as a solution selection criterion. We relate these two concepts to determinacy and characterize the complete set of economically relevant...
Persistent link: https://www.econbiz.de/10013101279
This paper proposes forward convergence as a model refinement scheme for linear rational expectations (LRE) models and an associated no-bubble condition as a solution selection criterion. We relate these two concepts to determinacy and characterize the complete set of economically relevant...
Persistent link: https://www.econbiz.de/10012460312