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Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations

Minford, Anthony Patrick Leslie, Matthews, Kent Gerard Patrick 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

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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: Business (Including Economics)
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Publisher: Elsevier
ISSN: 0165-1765
Last Modified: 04 Jun 2017 05:10
URI: http://orca.cf.ac.uk/id/eprint/49225

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