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

^*Corresponding author for this work

Research output: Journal Publication › Article › peer-review

11 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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title = "Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations",

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",

year = "1979",

doi = "10.1016/0165-1765(79)90219-2",

language = "English",

volume = "4",

pages = "117--120",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

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T1 - Terminal conditions as a means of ensuring unique solutions for rational expectations models with forward expectations

AU - Minford, Patrick

AU - Matthews, Kent

AU - Marwaha, Satwant

PY - 1979

Y1 - 1979

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/3342961939

U2 - 10.1016/0165-1765(79)90219-2

DO - 10.1016/0165-1765(79)90219-2

M3 - Article

AN - SCOPUS:3342961939

SN - 0165-1765

VL - 4

SP - 117

EP - 120

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

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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