Minford, Anthony Patrick Leslie  ORCID: https://orcid.org/0000-0003-2499-935X, Matthews, Kent Gerard Patrick ORCID: https://orcid.org/0000-0001-6968-3098 and Marwaha, S.
1979.
Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations.
Economics Letters
4
(2)
, pp. 117-120.
10.1016/0165-1765(79)90219-2
|
Official URL: http://dx.doi.org/10.1016/0165-1765(79)90219-2
Abstract
Terminal conditions are imposed on rational expectations models as a means of finding a unique solution among a continuum of potential solutions. It is argued that using terminal conditions is superior to invoking stability. The method can be applied to non-linear as well as linear systems.
| Item Type: | Article |
|---|---|
| Date Type: | Publication |
| Status: | Published |
| Schools: | Schools > Business (Including Economics) |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| Publisher: | Elsevier |
| ISSN: | 0165-1765 |
| Last Modified: | 24 Oct 2022 11:45 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/49225 |
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