Open loop time consistency for linear rational expectations models

被引：1

作者：

Blake, AP ^{[1
]}

机构：

[1] Bank England, Ctr Cent Banking Studies, London EC2R 8AH, England

来源：

ECONOMICS LETTERS | 2004年 / 82卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

rational expectations; time consistency; open loop;

D O I：

10.1016/j.econlet.2003.09.014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We derive an open loop time consistent equilibrium for linear rational expectations control problems. It can be solved using standard methods. We show how it relates to other consistent solutions. (C) 2003 Elsevier B.V All rights reserved.

引用

页码：21 / 27

页数：7

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