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

Patrick Minford; Kent Matthews; Satwant Marwaha

doi:10.1016/0165-1765(79)90219-2

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

Patrick Minford, Kent Matthews, Satwant Marwaha

Research output: Journal Publication › Article › peer-review

10 Citations (Scopus)

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.

Original language	English
Pages (from-to)	117-120
Number of pages	4
Journal	Economics Letters
Volume	4
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(79)90219-2
Publication status	Published - 1979
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(79)90219-2

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Minford, P., Matthews, K., & Marwaha, S. (1979). Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations. Economics Letters, 4(2), 117-120. https://doi.org/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.",

author = "Patrick Minford and Kent Matthews and Satwant Marwaha",

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AU - Matthews, Kent

AU - Marwaha, Satwant

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JO - Economics Letters

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

Abstract

ASJC Scopus subject areas

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