Model reference adaptive expectations in Markov-switching economies
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DOI: 10.1016/j.econmod.2013.02.033
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- Lianfeng Song & Hongxia Wang & Huanshui Zhang & Hongdan Li, 2023. "Rational Expectations Models with Multiplicative Noise," Journal of Optimization Theory and Applications, Springer, vol. 199(1), pages 233-257, October.
- Frank Hespeler & Marco M. Sorge, 2018. "Does Near†Rationality Matter In First†Order Approximate Solutions? A Perturbation Approach," Bulletin of Economic Research, Wiley Blackwell, vol. 70(1), pages 97-113, January.
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Keywords
Rational expectations; Markov-switching dynamic systems; Dynamic programming; Time-varying Kalman filter;All these keywords.
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