A finite set of equilibria for the indeterminacy of linear rational expectations models

Jean-Bernard Chatelain and Kirsten Ralf

Papers from arXiv.org

Abstract: This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational expectations models. The number of equilibria corresponds to the number of ways to select n eigenvectors among a larger set of eigenvectors related to stable eigenvalues. A finite set of equilibria is a substitute to continuous (uncountable) sets of sunspots equilibria, when the number of independent eigenvectors for each stable eigenvalue is equal to one.

Date: 2014-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://arxiv.org/pdf/1407.6222 Latest version (application/pdf)

Related works:
Working Paper: A finite set of equilibria for the indeterminacy of linear rational expectations models (2014)
Working Paper: A finite set of equilibria for the indeterminacy of linear rational expectations models (2014)
Working Paper: A finite set of equilibria for the indeterminacy of linear rational expectations models (2014)
Working Paper: A finite set of equilibria for the indeterminacy of linear rational expectations models (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1407.6222

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().