The Generic Properties of Equilibrium Correction Mechanisms

Gunnar Bårdsen, Stan Hurn and Kenneth Lindsay
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Kenneth Lindsay: Department of Mathematics, University of Glasgow

Working Paper Series from Department of Economics, Norwegian University of Science and Technology

Abstract: Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous economic processes with steady-state solutions. In addition, the proposed procedure on the coefficients of the dynamic econometric model.

Keywords: Equilibrium correctionn dynamic modelling; difference schemes; power series representation (search for similar items in EconPapers)
JEL-codes: C50 (search for similar items in EconPapers)
Pages: 5 pages
Date: 1999-08-06
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nst:samfok:0402

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