The Identification Problem for Linear Rational Expectations Models
Statistics Theory
2025-04-15 v2 Statistics Theory
Abstract
This version corrects a number of mistakes that appeared in the previous draft. In particular, the (EU-LREM) condition is sufficient for existence and uniqueness but not necessary, as we had claimed. We are grateful to P. C. B. Phillips and to three anonymous referees for the substantial improvements to the paper since it first appeared. Any remaining errors are our own responsibility.
Keywords
Cite
@article{arxiv.1908.09617,
title = {The Identification Problem for Linear Rational Expectations Models},
author = {Majid M. Al-Sadoon and Piotr Zwiernik},
journal= {arXiv preprint arXiv:1908.09617},
year = {2025}
}
Comments
JEL Classification: C10, C22, C32