Rational Expectations in Dynamic Linear Models: Analysis of the Solutions
详细分析了线性计量经济模型中理性预期解的全部集合,发现该集合远大于以往研究,并探讨了多种解的选择标准及其对解集的缩减效果。
In this paper we analyze the solutions of linear econometric models with rational expectations. More precisely, we describe in detail the set of all the solutions; in particular this set is shown to be much larger than the sets previously considered. We also study various criteria of selection in this set of solutions and we examine to what extent these criteria redtiuce the set of the solutions.