Linearizations and Equilibrium Correction Models

Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous processes with steady-state solutions.

Year of publication:	2004
Authors:	Bårdsen, Gunnar ; Hurn, Stan ; Lindsay, Kenneth
Published in:	Studies in Nonlinear Dynamics & Econometrics. - Berkeley Electronic Press. - Vol. 8.2004, 4, p. 1203-1203
Publisher:	Berkeley Electronic Press
Subject:	Taylor expansions \| linearizations \| equilibrium correction \| dynamic modelling \| difference schemes \| power series representations

Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005046496