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The Identification Problem for Linear Rational Expectations Models

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arxiv 1908.09617 v2 pith:4546UAH4 submitted 2019-08-26 math.ST stat.TH

classification math.STstat.TH
keywords appearedanonymousclaimedconditioncorrectsdrafterrorseu-lrem
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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.

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