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- W2009509042 abstract "Abstract This paper extends the standard limited-dependent, rational expectations model to allow for stochastic variations in the bounds. We show that the degree of non-linearity relating expectations to fundamentals tends to decline as the band becomes less predictable. Monte Carlo experiments indicate that the assumption that the band is perfectly predictable by the agents (when inappropriate) can seriously bias the estimates and the inferences based on them." @default.
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- W2009509042 date "1996-06-01" @default.
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- W2009509042 title "Limited-dependent rational expectations models with stochastic thresholds" @default.
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- W2009509042 doi "https://doi.org/10.1016/0165-1765(96)00823-3" @default.
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