Winding number criterion for existence and uniqueness of equilibrium in linear rational expectations models

DOI10.1016/j.jedc.2005.02.001zbMath1198.91151OpenAlexW1981785675MaRDI QIDQ956505

Alexei Onatski

Publication date: 25 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2005.02.001

zbMATH Keywords

equilibriumwinding numberlinear rational expectations models

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (9)

Transformed contribution ratio test for the number of factors in static approximate factor models ⋮ Solving generalized multivariate linear rational expectations models ⋮ Minimax bounds for sparse PCA with noisy high-dimensional data ⋮ Robust determination for the number of common factors in the approximate factor models ⋮ Solution algorithm to a class of monetary rational equilibrium macromodels with optimal monetary policy design ⋮ Dynamic mortality factor model with conditional heteroskedasticity ⋮ THE LINEAR SYSTEMS APPROACH TO LINEAR RATIONAL EXPECTATIONS MODELS ⋮ Geometric and long run aspects of Granger causality ⋮ Arbitrary initial conditions and the dimension of indeterminacy in linear rational expectations models

Uses Software

• Uhlig Toolkit
• Gensys

Cites Work

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• A linear algebraic procedure for solving linear perfect foresight models
• Factorization of matrix functions and singular integral operators
• An eigenvalue method of undetermined coefficients for solving linear rational expectations models
• Solutions to linear rational expectations models: a compact exposition
• Using the generalized Schur form to solve a multivariate linear rational expectations model
• Solving linear rational expectations models
• Systems of integral equations on a half line with kernels depending on the difference of arguments
• The Solution of Linear Difference Models under Rational Expectations
• Factorization indices for matrix polynomials
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?

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