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Blanchard and Kahn's (1980) Solution for a Linear Rational Expectations Model with One State Variable and One Jump Variable: The Correct Formula

par Kollmann, Robert ;Zeugner, Stefan
Référence Manchester School, 86, 1, page (49-51)
Publication Publié, 2018-01

Article révisé par les pairs

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Résumé :

This note corrects Blanchard and Kahn's (1980) formula for the solution of a linear dynamic rational expectations model with one predetermined and one non-predetermined endogenous variable.