Blanchard and Kahn's (1980) Solution for a Linear Rational Expectations Model with One State Variable and One Jump Variable: The Correct Formula

3 Pages Posted: 14 Dec 2017

See all articles by Robert Kollmann

Robert Kollmann

ECARES, Université Libre de Bruxelles; University of Paris XII - Department of Economics; Centre for Economic Policy Research (CEPR)

Stefan Zeugner

European Union - European Commission

Date Written: January 2018

Abstract

This note corrects Blanchard and Kahn's (1980) formula for the solution of a linear dynamic rational expectations model with one predetermined and one non‐predetermined endogenous variable.

Suggested Citation

Kollmann, Robert and Zeugner, Stefan, Blanchard and Kahn's (1980) Solution for a Linear Rational Expectations Model with One State Variable and One Jump Variable: The Correct Formula (January 2018). The Manchester School, Vol. 86, Issue 1, pp. 49-51, 2018, Available at SSRN: https://ssrn.com/abstract=3086900 or http://dx.doi.org/10.1111/manc.12180

Robert Kollmann (Contact Author)

ECARES, Université Libre de Bruxelles ( email )

Ave. Franklin D Roosevelt, 50 - C.P. 114
Brussels, B-1050
Belgium

University of Paris XII - Department of Economics ( email )

61 avenue du General de Gaulle
Creteil cedex, 94010
France

HOME PAGE: http://www.robertkollmann.com

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Stefan Zeugner

European Union - European Commission ( email )

Rue de la Loi 200
Brussels, B-1049
Belgium

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
0
Abstract Views
176
PlumX Metrics