In general rational expectations equilibrium (REE), as introduced in Radner (Econometrica 47:655-678, 1978) in an Arrow–Debreu–McKenzie setting with uncertainty, does not exist. Moreover, it fails to ...
When estimating DSGE models, the number of observable economic variables is usually kept small, and it is conveniently assumed that DSGE model variables are perfectly measured by a single data series.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback