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- W2123497414 abstract "Standard solution methods for linear stochastic models with rational expectations presuppose a time-invariant structure. Consequently, credible announcements that entail future changes of the structure cannot be handled by standard solution methods. This paper develops the solution for linear stochastic rational expectations models in the face of a finite sequence of anticipated structural changes. These events encompass anticipated changes to the structural parameters and also anticipated additive shocks. We apply the solution to some examples of practical relevance to monetary policy." @default.
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- W2123497414 date "2013-03-01" @default.
- W2123497414 modified "2023-09-23" @default.
- W2123497414 title "Solving Linear Rational Expectations Models with Predictable Structural Changes" @default.
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- W2123497414 doi "https://doi.org/10.1162/rest_a_00240" @default.
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