Solutions to linear rational expectations models: a compact exposition

DOI10.1016/S0165-1765(98)00161-XzbMath0912.90045MaRDI QIDQ1274638

Bennett T. McCallum

Publication date: 12 January 1999

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

rational expectationsmultiple solutionsgeneralized Schur decompositionsolution proceduresundetermined coefficients

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (17)

Investment, interest rate policy, and equilibrium stability ⋮ OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS ⋮ Learning in linear models with expectational leads ⋮ The marginal likelihood of dynamic mixture models ⋮ On the relationship between determinate and MSV solutions in linear RE models ⋮ Invertible and non-invertible information sets in linear rational expectations models ⋮ Saddlepath learning ⋮ Learning about monetary policy rules when labor market search and matching frictions matter ⋮ Optimal policy in Markov-switching rational expectations models ⋮ Solution algorithm to a class of monetary rational equilibrium macromodels with optimal monetary policy design ⋮ Asset pricing and productivity growth: The role of consumption scenarios ⋮ Solving for optimal simple rules in rational expectations models ⋮ Winding number criterion for existence and uniqueness of equilibrium in linear rational expectations models ⋮ Trend inflation, sticky prices, and expectational stability ⋮ Optimal monetary policy in a micro-founded model with parameter uncertainty ⋮ ENDOGENOUS INEQUALITY OF NATIONS THROUGH FINANCIAL ASSET MARKET INTEGRATION ⋮ E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models

Uses Software

• Uhlig Toolkit

Cites Work

• Unnamed Item
• The Solution of Linear Difference Models under Rational Expectations

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