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Solutions to Linear Rational Expectations Models: A Compact Exposition
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- McCallum, Bennett T., 2004.
"On the relationship between determinate and MSV solutions in linear RE models,"
Economics Letters, Elsevier, vol. 84(1), pages 55-60, July.
- Bennett McCallum, "undated". "On the Relationship Between Determinate and MSV Solutions in Linear RE Models," GSIA Working Papers 2003-E78, Carnegie Mellon University, Tepper School of Business.
- Bennett McCallum, 2004. "On the Relationship Between Determinate and MSV Solutions in Linear RE Models," NBER Technical Working Papers 0297, National Bureau of Economic Research, Inc.
- Frank Hespeler, 2008.
"Solution Algorithm to a Class of Monetary Rational Equilibrium Macromodels with Optimal Monetary Policy Design,"
Computational Economics, Springer;Society for Computational Economics, vol. 31(3), pages 207-223, April.
- Frank Hespeler, 2007. "Solution Algorithm to a Class of Monetary Rational Equilibrium Macromodels with Optimal Monetary Policy Design," EcoMod2007 23900036, EcoMod.
- Zhang, Chengsi & Clovis, Joel, 2010. "China inflation dynamics: Persistence and policy regimes," Journal of Policy Modeling, Elsevier, vol. 32(3), pages 373-388, May.
- Jan-Oliver Menz & Lena Vogel, 2009. "A Detailed Derivation of the Sticky Price and Sticky Information New Keynesian DSGE Model," Macroeconomics and Finance Series 200902, University of Hamburg, Department of Socioeconomics.
- Christian Pierdzioch & Serkan Yener, 2007.
"On the hump-shaped output effect of monetary policy in an open economy,"
International Economics and Economic Policy, Springer, vol. 4(1), pages 1-13, April.
- Pierdzioch, Christian & Yener, Serkan, 2004. "On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy," Kiel Working Papers 1214, Kiel Institute for the World Economy (IfW Kiel).
- Kurozumi, Takushi & Van Zandweghe, Willem, 2010.
"Labor market search, the Taylor principle, and indeterminacy,"
Journal of Monetary Economics, Elsevier, vol. 57(7), pages 851-858, October.
- Takushi Kurozumi & Willem Van Zandweghe, 2008. "Labor market search and interest rate policy," Research Working Paper RWP 08-03, Federal Reserve Bank of Kansas City.
- Takushi Kurozumi & Willem Van Zandweghe, 2010. "Labor market search, the Taylor principle, and indeterminacy," Research Working Paper RWP 11-01, Federal Reserve Bank of Kansas City.
- Heinz-Peter Spahn, 2004. "Learning in Macroeconomics and Monetary Policy: The Case of an Open Economy," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 236/2004, Department of Economics, University of Hohenheim, Germany.
- McCallum, Bennett T., 2007.
"E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(4), pages 1376-1391, April.
- Bennett T. McCallum, 2006. "E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models," NBER Working Papers 12441, National Bureau of Economic Research, Inc.
- Rodríguez Arosemena, Nicolás, 2018. "The Dominium Mundi Game and the Case for Artificial Intelligence in Economics and the Law," MPRA Paper 90560, University Library of Munich, Germany.
- Bennett McCallum, 1999.
"Role of the Minimal State Variable Criterion in Rational Expectations Models,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(4), pages 621-639, November.
- Bennett T. McCallum, "undated". "Role of the minimal state variable criterion in rational expectations models," GSIA Working Papers 1999-13, Carnegie Mellon University, Tepper School of Business.
- Bennett T. McCallum, 2000. "Role of the Minimal State Variable Criterion," NBER Working Papers 7087, National Bureau of Economic Research, Inc.
- Onatski, Alexei, 2006. "Winding number criterion for existence and uniqueness of equilibrium in linear rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 323-345, February.
- Pierdzioch, Christian, 2005. "Noise trading and delayed exchange rate overshooting," Journal of Economic Behavior & Organization, Elsevier, vol. 58(1), pages 133-156, September.
- Kontonikas, Alexandros & Ioannidis, Christos, 2005.
"Should monetary policy respond to asset price misalignments?,"
Economic Modelling, Elsevier, vol. 22(6), pages 1105-1121, December.
- Alexandros Kontonikas & Christos Ioannidis, 2003. "Should Monetary Policy Respond to Asset Price Misalignments?," Economics and Finance Discussion Papers 03-19, Economics and Finance Section, School of Social Sciences, Brunel University.
- Alexandros Kontonikas & Christos Ioannidis, 2003. "Should Monetary Policy Respond to Asset Price Misalignments?," Public Policy Discussion Papers 03-19, Economics and Finance Section, School of Social Sciences, Brunel University.
- Alexandros Kontonikas & Christos Ioannidis, 2004. "Should Monetary Policy Respond to Asset Price Misalignments?," Macroeconomics 0404026, University Library of Munich, Germany.
- Kurozumi, Takushi & Van Zandweghe, Willem, 2008. "Investment, interest rate policy, and equilibrium stability," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1489-1516, May.
- Frank Hespeler, 2012.
"On Boundary Conditions Within the Solution of Macroeconomic Dynamic Models with Rational Expectations,"
Computational Economics, Springer;Society for Computational Economics, vol. 40(3), pages 265-291, October.
- Frank HESPELER, 2008. "On Boundary Conditions within the Solution of Macroeconomic Dynamic Models with Rational Expectations," EcoMod2008 23800050, EcoMod.
- Ulrich Fritsche & Vladimir Kuzin, 2005.
"Declining output volatility in Germany: impulses, propagation, and the role of monetary policy,"
Applied Economics, Taylor & Francis Journals, vol. 37(21), pages 2445-2457.
- Ulrich Fritsche & Vladimir Kuzin, 2004. "Declining Output Volatility in Germany: Impulses, Propagation, and the Role of Monetary Policy," Discussion Papers of DIW Berlin 433, DIW Berlin, German Institute for Economic Research.
- Ulrich Fritsche & Vladimir Kuzin, 2005. "Declining Output Volatility in Germany: Impulses, Propagation, and the Role of the Monetary Policy," Money Macro and Finance (MMF) Research Group Conference 2005 70, Money Macro and Finance Research Group.
- Kurozumi, Takushi, 2014. "Trend inflation, sticky prices, and expectational stability," Journal of Economic Dynamics and Control, Elsevier, vol. 42(C), pages 175-187.
- Jonathan Payne & Lawrence Uren, 2014. "Economic Policy and the Great Depression in a Small Open Economy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 347-370, March.
- Michele Berardi, 2009.
"Monetary Policy with Heterogeneous and Misspecified Expectations,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 79-100, February.
- Michele Berardi, 2009. "Monetary Policy with Heterogeneous and Misspecified Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 79-100, February.
- Michele Berardi, 2006. "Monetary policy with heterogeneous and misspecified expectations," Economics Discussion Paper Series 0637, Economics, The University of Manchester.
- Michele Berardi, 2006. "Monetary policy with heterogeneous and misspecified expectations," Centre for Growth and Business Cycle Research Discussion Paper Series 81, Economics, The University of Manchester.
- Fiorentini, G. & Planas, C. & Rossi, A., 2012. "The marginal likelihood of dynamic mixture models," Computational Statistics & Data Analysis, Elsevier, vol. 56(9), pages 2650-2662.
- Volker Böhm & Tomoo Kikuchi & George Vachadze, 2008. "Asset Pricing and Productivity Growth: The Role of Consumption Scenarios," Computational Economics, Springer;Society for Computational Economics, vol. 32(1), pages 163-181, September.
- Bilbiie, Florin, 2018.
"Monetary Policy and Heterogeneity: An Analytical Framework,"
CEPR Discussion Papers
12601, C.E.P.R. Discussion Papers.
- Bilbiie, F. O., 2024. "Monetary Policy and Heterogeneity: An Analytical Framework," Cambridge Working Papers in Economics 2432, Faculty of Economics, University of Cambridge.
- Florin Bilbiie, 2019. "Monetary Policy and Heterogeneity: An Analytical Framework," 2019 Meeting Papers 178, Society for Economic Dynamics.
- Bilbiie, F. O., 2024. "Monetary Policy and Heterogeneity: An Analytical Framework," Janeway Institute Working Papers 2420, Faculty of Economics, University of Cambridge.
- Jean Boivin & Marc P. Giannoni, 2006.
"Has Monetary Policy Become More Effective?,"
The Review of Economics and Statistics, MIT Press, vol. 88(3), pages 445-462, August.
- Jean Boivin & Marc P. Giannoni, 2003. "Has Monetary Policy Become More Effective?," NBER Working Papers 9459, National Bureau of Economic Research, Inc.
- Giannoni, Marc & Boivin, Jean, 2006. "Has Monetary Policy Become More Effective?," CEPR Discussion Papers 5463, C.E.P.R. Discussion Papers.
- Buch, Claudia M. & Pierdzioch, Christian, 2005.
"The integration of imperfect financial markets: Implications for business cycle volatility,"
Journal of Policy Modeling, Elsevier, vol. 27(7), pages 789-804, October.
- Buch, Claudia M. & Pierdzioch, Christian, 2003. "The Integration of Imperfect Financial Markets: Implications for Business Cycle Volatility," Kiel Working Papers 1161, Kiel Institute for the World Economy (IfW Kiel).
- Pacheco, Luis, 2008. "Asset Prices in Monetary Policy Rules: Should they stay or should they go?," Working Papers 4/2008, Universidade Portucalense, Centro de Investigação em Gestão e Economia (CIGE).
- Arief Ramayandi, 2009. "Assessing Monetary Policy Efficiency in the ASEAN-5 Countries," Working Papers in Economics and Development Studies (WoPEDS) 200902, Department of Economics, Padjadjaran University, revised Mar 2009.
- Seong-Hoon Kim, 2012. "Sequential Action and Beliefs Under Partially Observable DSGE Environments," Computational Economics, Springer;Society for Computational Economics, vol. 40(3), pages 219-244, October.
- Böhm, Volker & Vachadze, George, 2008. "Capital accumulation with tangible assets," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 248-257, October.
- Trani, Tommaso, 2015.
"Asset pledgeability and international transmission of financial shocks,"
Journal of International Money and Finance, Elsevier, vol. 50(C), pages 49-77.
- Tommaso Trani, 2012. "Country Portfolios with Heterogeneous Pledgeability," IHEID Working Papers 02-2012, Economics Section, The Graduate Institute of International Studies, revised 12 Feb 2012.
- Tommaso Trani, 2013. "Country Portfolios with Heterogeneous Pledgeability," Faculty Working Papers 02/13, School of Economics and Business Administration, University of Navarra.
- McCallum, Bennett T. & Nelson, Edward, 1999.
"Nominal income targeting in an open-economy optimizing model,"
Journal of Monetary Economics, Elsevier, vol. 43(3), pages 553-578, June.
- McCallum, Bennett T. & Nelson, Edward, 1998. "Nominal Income Targeting in an Open-Economy Optimizing Model," Seminar Papers 644, Stockholm University, Institute for International Economic Studies.
- Bennett T. McCallum & Edward Nelson, 2000. "Nominal Income Targeting in an Open-Economy Optimizing Model," NBER Working Papers 6675, National Bureau of Economic Research, Inc.
- McCallum, B.T. & Nelson, E., 1998. "Nominal Income Targeting in an Open-Economy Optimizing Model," Papers 644, Stockholm - International Economic Studies.
- Yu-chin Chen & Pisut Kulthanavit, 2008. "Adaptive Learning and Monetary Policy: Lessons from Japan," Working Papers UWEC-2008-12-P, University of Washington, Department of Economics, revised Oct 2008.
- Tan, Fei & Walker, Todd B., 2015. "Solving generalized multivariate linear rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 60(C), pages 95-111.
- Jun Yang, 2008. "Macroeconomic Determinants of the Term Structure of Corporate Spreads," Staff Working Papers 08-29, Bank of Canada.
- Ellison, Martin & Pearlman, Joseph, 2011.
"Saddlepath learning,"
Journal of Economic Theory, Elsevier, vol. 146(4), pages 1500-1519, July.
- Martin Ellison & Joseph Pearlman, 2010. "Saddlepath Learning," CDMA Conference Paper Series 0710, Centre for Dynamic Macroeconomic Analysis.
- Martin Ellison & Joseph Pearlman, 2010. "Saddlepath Learning," Economics Series Working Papers 505, University of Oxford, Department of Economics.
- Yu-chin Chen & Pisut Kulthanavit, 2008. "Monetary Policy Design under Imperfect Knowledge: An Open Economy Analysis," Working Papers UWEC-2008-14, University of Washington, Department of Economics.
- Baxter, Brad & Graham, Liam & Wright, Stephen, 2011.
"Invertible and non-invertible information sets in linear rational expectations models,"
Journal of Economic Dynamics and Control, Elsevier, vol. 35(3), pages 295-311, March.
- Brad Baxter & Liam Graham & Stephen Wright, 2010. "Invertible and non-invertible information sets in linear rational expectations models," Post-Print hal-00767497, HAL.
- Takushi Kurozumi & Willem Van Zandweghe, 2014. "A pitfall of expectational stability analysis," Research Working Paper RWP 14-7, Federal Reserve Bank of Kansas City.
- Yu-chin Chen & Pisut Kulthanavit, 2016. "Monetary Policy with Imperfect Knowledge in a Small Open Economy," PIER Discussion Papers 28, Puey Ungphakorn Institute for Economic Research.
- McKibbin, Warwick J. & Tan, Kang Yong, 2009.
"Learning and international transmission of shocks,"
Economic Modelling, Elsevier, vol. 26(5), pages 1033-1052, September.
- Warwick J. McKibbin & Kang Yong Tan, 2007. "Learning And International Transmission Shocks," CAMA Working Papers 2007-01, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Brad Baxter & Liam Graham & Stephen Wright, 2007. "The Endogenous Kalman Filter," Birkbeck Working Papers in Economics and Finance 0719, Birkbeck, Department of Economics, Mathematics & Statistics.
- Fousseni Chabi-Yo & Jun Yang, 2007. "A No-Arbitrage Analysis of Macroeconomic Determinants of Term Structures and the Exchange Rate," Staff Working Papers 07-21, Bank of Canada.
- Pierdzioch Christian, 2005.
"Capital Mobility, Consumption Substitutability and the Effects of Monetary Policy in Open Economies,"
German Economic Review, De Gruyter, vol. 6(1), pages 79-94, February.
- Christian Pierdzioch, 2005. "Capital Mobility, Consumption Substitutability and the Effects of Monetary Policy in Open Economies," German Economic Review, Verein für Socialpolitik, vol. 6(1), pages 79-94, February.
- Marc P. Giannoni & Jean Boivin, 2005.
"DSGE Models in a Data-Rich Environment,"
Computing in Economics and Finance 2005
431, Society for Computational Economics.
- Jean Boivin & Marc Giannoni, 2006. "DSGE Models in a Data-Rich Environment," NBER Technical Working Papers 0332, National Bureau of Economic Research, Inc.
- Jean Boivin & Marc Giannoni, 2006. "DSGE Models in a Data-Rich Environment," NBER Working Papers 12772, National Bureau of Economic Research, Inc.
- Boivin, J. & Giannoni, M., 2007. "DSGE Models in a Data-Rich Environment," Working papers 162, Banque de France.
- M. Alper Çenesiz & Christian Pierdzioch, 2010. "Financial Market Integration, Costs of Adjusting Hours Worked and Monetary Policy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 39(1‐2), pages 1-25, February.
- Ko, Kwan Wai, 2008. "Financial integration, information and communication technology, and macroeconomic volatility: Evidence from ten Asian economies," Research in International Business and Finance, Elsevier, vol. 22(2), pages 124-144, June.
- Alper Çenesiz, M. & Pierdzioch, Christian, 2009. "Efficiency wages, financial market integration, and the fiscal multiplier," Journal of International Money and Finance, Elsevier, vol. 28(5), pages 853-867, September.
- Kimura, Takeshi & Kurozumi, Takushi, 2007.
"Optimal monetary policy in a micro-founded model with parameter uncertainty,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(2), pages 399-431, February.
- Takeshi Kimura & Takushi Kurozumi, 2003. "Optimal monetary policy in a micro-founded model with parameter uncertainty," Finance and Economics Discussion Series 2003-67, Board of Governors of the Federal Reserve System (U.S.).
- Yu‐chin Chen & Pisut Kulthanavit, 2008. "Adaptive Learning And Monetary Policy In An Open Economy: Lessons From Japan," Pacific Economic Review, Wiley Blackwell, vol. 13(4), pages 405-430, October.
- Kurozumi, Takushi, 2006.
"Determinacy and expectational stability of equilibrium in a monetary sticky-price model with Taylor rule,"
Journal of Monetary Economics, Elsevier, vol. 53(4), pages 827-846, May.
- Takushi Kurozumi, 2006. "Determinacy and Expectational Stability of Equilibrium in a Monetary Sticky-Price Model with Taylor Rule," Bank of Japan Working Paper Series 06-E-2, Bank of Japan.
- Tommaso Trani, 2013. "Country Portfolios with Heterogeneous Pledgeability," Faculty Working Papers 02/13, School of Economics and Business Administration, University of Navarra.
- Kurozumi, Takushi & Van Zandweghe, Willem, 2012.
"Learning about monetary policy rules when labor market search and matching frictions matter,"
Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 523-535.
- Takushi Kurozumi & Willem Van Zandweghe, 2010. "Learning about monetary policy rules when labor market search and matching frictions matter," Research Working Paper RWP 10-14, Federal Reserve Bank of Kansas City.
- Dennis, Richard, 2007.
"Optimal Policy In Rational Expectations Models: New Solution Algorithms,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(1), pages 31-55, February.
- Richard Dennis, 2001. "Optimal policy in rational-expectations models: new solution algorithms," Working Paper Series 2001-09, Federal Reserve Bank of San Francisco.
- Henzel, Steffen & Mayer, Eric & Schimpfermann, Bodo, 2004. "E-Stabilty: Über die Lernbarkeit von rationalen Erwatungsgleichgewichten," W.E.P. - Würzburg Economic Papers 55, University of Würzburg, Department of Economics.
- John Keating & Andrew Lee Smith, 2013. "Determinacy and Indeterminacy in Monetary Policy Rules with Money," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201310, University of Kansas, Department of Economics.
- Richard Holt, 2007. "Unemployment, Job Flows and Hours in a New Keynesian Model," Money Macro and Finance (MMF) Research Group Conference 2006 138, Money Macro and Finance Research Group.
- Mirta Noemi Sataka Bugarin & Marcelo Kfoury Muinhos & Jose Ricardo da Costa e Silva & Maria da Glória D. Silva Araújo, 2005. "The Effect of Adverse Oil Price Shocks on Monetary Policy and Output Using a Dynamic Small Open Economy General Equilibrium Model With Staggered Price for Brazil," Working Papers Central Bank of Chile 348, Central Bank of Chile.
- Mr. Guy M Meredith & Yue Ma, 2002. "The Forward Premium Puzzle Revisited," IMF Working Papers 2002/028, International Monetary Fund.
- Florin O. Bilbiie, 2022.
"Neo-Fisherian Policies and Liquidity Traps,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 14(4), pages 378-403, October.
- Bilbiie, Florin, 2018. "Neo-Fisherian Policies and Liquidity Traps," CEPR Discussion Papers 13334, C.E.P.R. Discussion Papers.
- Yue Ma & Guy Meredith & Matthew S. Yiu, 2002. "A Currency Board Model of Hong Kong," Working Papers 012002, Hong Kong Institute for Monetary Research.
- Cho, Seonghoon & McCallum, Bennett T., 2015.
"Refining linear rational expectations models and equilibria,"
Journal of Macroeconomics, Elsevier, vol. 46(C), pages 160-169.
- Seonghoon Cho & Bennett T. McCallum, 2012. "Refining Linear Rational Expectations Models and Equilibria," NBER Working Papers 18348, National Bureau of Economic Research, Inc.
- Juan Páez‐Farrell, 2007. "Output And Inflation In Models Of The Business Cycle With Nominal Rigidities: Further Counterfactual Implications," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(4), pages 475-491, September.
- Liam Graham & Stephen Wright, 2006. "Inspecting the noisy mechanism: the stochastic growth model with partial information," Computing in Economics and Finance 2006 207, Society for Computational Economics.
- Blake, Andrew P. & Zampolli, Fabrizio, 2011. "Optimal policy in Markov-switching rational expectations models," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1626-1651, October.
- Yu-chin Chen & Pisut Kulthanavit, 2016. "Monetary Policy with Imperfect Knowledge in a Small Open Economy," PIER Discussion Papers 28., Puey Ungphakorn Institute for Economic Research, revised May 2016.
- Pierdzioch, Christian, 2004. "Productivity Shocks and Delayed Exchange-Rate Overshooting," Kiel Working Papers 1199, Kiel Institute for the World Economy (IfW Kiel).
- Christian Pierdzioch, 2007. "Households' Preferences and Exchange Rate Overshooting," International Economic Journal, Taylor & Francis Journals, vol. 21(2), pages 297-316.
- Wenzelburger, Jan, 2006. "Learning in linear models with expectational leads," Journal of Mathematical Economics, Elsevier, vol. 42(7-8), pages 854-884, November.
- Roberta CARDANI, 2008. "Optimal Monetary Policy with Wealth Effect and Cost Channel," EcoMod2008 23800021, EcoMod.