Roles Of The Minimal State Variable Criterion In Rational Expectations Models
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Roles of the Minimal State Variable Criterion in Rational Expectations Models
Author | : Bennett T. McCallum |
Publisher | : |
Total Pages | : 50 |
Release | : 1999 |
Genre | : Monetary policy |
ISBN | : |
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Many macroeconomic models involving rational expect at ions give rise to an infinity of solution paths, even when the models are linear in all variables. Some w