Mostafavi, Moeen; Shakouri G., Hamed; Fatehi, Ali-Reza - Volkswirtschaftliche Fakultät, … - 2010
This paper disputes what Blanchard and Kahn have reported as the solution of linear rational expectation(RE) systems many years ago. Their method leads to traditional determinacy condition which is used very much nowadays. In this paper we have a new look to the mathematical procedure of this...