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Blanchard and Kahn’s (1980) solution for a linear rational expectations model with one state variable and one control variable: the correct formula

Kollmann, Robert and Zeugner, Stefan (2016): Blanchard and Kahn’s (1980) solution for a linear rational expectations model with one state variable and one control variable: the correct formula.

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Abstract

This note corrects Blanchard and Kahn’s (1980) solution for a linear dynamic rational expectations model with one state variable and one control variable.

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