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Rational Expectations,Information Acquisition,and Competitive Bidding
Rational Expectations Information Acquisition Competitive Bidding
2015/7/21
Rational Expectations,Information Acquisition,and Competitive Bidding.
System Reduction and Solution Algorithms for Singular Linear Difference Systems under Rational Expectations
system reduction algorithm models solutions in practice
2014/3/18
A first-order linear difference system under rational expectations is,AEyt+1|It =Byt +C(F)Ext|It ,Whereyt is a vector of endogenous variables; xt is a vector of exogenous variables; Eyt+1|It is the ex...
RECURSIVE SOLUTION METHODS FOR DYNAMIC LINEAR RATIONAL EXPECTATIONS MODELS
SOLUTION METHODS DYNAMIC LINEAR RATIONAL EXPECTATIONS MODELS
2014/3/18
This paper develops recursive solution methods for linear rational expectations models. The underlying structural model is transformed into a state-space representation, which can...