Solutions to Linear Rational Expectations Models: A Compact Exposition

9 Pages Posted: 10 Jul 2000 Last revised: 22 Aug 2010

See all articles by Bennett T. McCallum

Bennett T. McCallum

Carnegie Mellon University - David A. Tepper School of Business; National Bureau of Economic Research (NBER)

Date Written: April 1998

Abstract

An elementary exposition is presented of a convenient and practical solution procedure for a broad class of linear rational expectations models. The undetermined-coefficient approach utilized keeps the mathematics very simple and permits consideration of alternative solution criteria.

Suggested Citation

McCallum, Bennett T., Solutions to Linear Rational Expectations Models: A Compact Exposition (April 1998). NBER Working Paper No. t0232, Available at SSRN: https://ssrn.com/abstract=226642

Bennett T. McCallum (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

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National Bureau of Economic Research (NBER)

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