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arXiv · 1908.09617

The Identification Problem for Linear Rational Expectations Models

Majid M. Al-Sadoon·Piotr Zwiernik
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Abstract

This version corrects a number of mistakes that appeared in the previous draft. In particular, the (EU-LREM) condition is sufficient for existence and uniqueness but not necessary, as we had claimed. We are grateful to P. C. B. Phillips and to three anonymous referees for the substantial improvements to the paper since it first appeared. Any remaining errors are our own responsibility.

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Majid M. Al-Sadoon, Piotr Zwiernik. 2019-08-26. The Identification Problem for Linear Rational Expectations Models. https://arxiv.org/abs/1908.09617

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