Stationary bubble equilibria in rational expectation models
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DOI: 10.1016/j.jeconom.2020.04.035
Abstract: A linear rational expectation model with current expectations can admit a unique linear stationary dynamic equilibrium for a set of specific parameter values. This paper shows that a multiplicity of stationary dynamic equilibria may arise… read more here.
Keywords: rational expectation; expectation models; stationary bubble; expectation ... See more keywords