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In standard macroeconomic models incorporating the natural rate hypothesis and rational expectations, monetary policy has no effect on real variables. But the rational expectations assumption that e...
The potential of monetary policy to stabilize fluctuations in output and employment is demonstrated in a stochastic rational expectations model in which firms choose, considering average profitabili...
This paper is a sumaary of remarks for a panel discussion on "Rational Expectations and the Control of the Econcatym. After a brief review of the major issues in this area, it is argued that the c...
This paper examines conditions for the uniqueness of an equilibrium price distribution in stochastic macroeconomic models with rational expectations. A model is developed in which many price distrib...
Estimation and Control of a Macroeconomic Model with Rational Expectations.
An Econometric Business Cycle Model with Rational Expectations: Policy Evaluation Results.
An Econometric Business Cycle Model with Rational Expectations: Some Estimation Results.
Rational expectations analysis has received increasing attention from economists in recent years. Some of this attention has been evident in papers published in the first volume of this journal, and...
Macroeconomic Tradeoffs in an International Economy with Rational Expectations.
A solution method and an estimation method for nonlinear rational expectations models are presented in this paper. The solution method can be used in forecasting and policy applications and can hand...
Estimation and Solution of Linear Rational Expectations Models Using a Polynomial Matrix Factorization.
Simulations of the Current Account in a Multicountry Rational Expectations Econometric Model.
A computationally feasible method for the full information maximum-likelihood estimation of models with rational expectations is described in this paper. The stochastic simulation of such models is a...

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