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.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Blanchard and Kahn’s (1980) solution for a linear rational expectations model with one state variable and one control variable: the correct formula |
| Language: | English |
| Keywords: | linear dynamic rational expectations model, model solution |
| Subjects: | C - Mathematical and Quantitative Methods > C0 - General C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles |
| Item ID: | 70338 |
| Depositing User: | Prof Robert Kollmann |
| Date Deposited: | 29 Mar 2016 18:02 |
| Last Modified: | 27 Sep 2019 07:01 |
| References: | Blanchard, O. and C. Kahn, 1980. The Solution of Linear Difference Models Under Rational Expectations. Econometrica 48, 1305-1311. King, R. and S. Rebelo, S., 1999. Resuscitating Real Business Cycles, in: Handbook of Macroeconomics (J. Taylor and M. Woodford, eds.), Elsevier, Vol. 1B, pp. 927-1007. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/70338 |
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