Understanding Markov-switching rational expectations models

DOI10.1016/j.jet.2009.05.004zbMath1195.91114OpenAlexW3121650654MaRDI QIDQ840671

Roger E. A. Farmer, Tao Zha, Daniel F. Waggoner

Publication date: 14 September 2009

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w14710.pdf

zbMATH Keywords

stabilitynecessary and sufficient conditionsunique equilibriumnon-linearityexpectations formationcross-regime indeterminacy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

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Cites Work

• Unnamed Item
• Computing sunspot equilibria in linear rational expectations models
• A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Comments on “Stochastic Stability of Jump Linear Systems”

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