The Generic Properties of Equilibrium Correction Mechanisms

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.

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Year of publication:	1999-08-06
Authors:	Bårdsen, Gunnar ; Hurn, Stan ; Lindsay, Kenneth
Institutions:	Institutt for Samfunnsøkonomi, Norges teknisk-naturvitenskaplige universitet (NTNU)
Subject:	Equilibrium correctionn dynamic modelling \| difference schemes \| power series representation

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	5 pages
Classification:	C50 - Econometric Modeling. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005573917