The Econometric Analysis of Non-Uniqueness in Rational Expectations Models (Volume 201) (Contributions to Economic Analysis, Volume 201) - Tapa dura

Broze, L.; Szafarz, A.

 
9780444881038: The Econometric Analysis of Non-Uniqueness in Rational Expectations Models (Volume 201) (Contributions to Economic Analysis, Volume 201)

Sinopsis

This book is devoted to the econometric analysis of linear multivariate rational expectation models. It shows that the interpretation of multiplicity in terms of "new degrees of freedom" is consistent with a rigorous econometric reasoning. Non-uniqueness is the central theme of this book. Each chapter is concerned with a specific econometric aspect of rational expectations equilibria. The most constructive result lies in the possibility of an empirical determination of the equilibrium followed by the economy.

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Reseña del editor

This book is devoted to the econometric analysis of linear multivariate rational expectation models. It shows that the interpretation of multiplicity in terms of "new degrees of freedom" is consistent with a rigorous econometric reasoning. Non-uniqueness is the central theme of this book. Each chapter is concerned with a specific econometric aspect of rational expectations equilibria. The most constructive result lies in the possibility of an empirical determination of the equilibrium followed by the economy.

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