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- W2757557210 abstract "There are two well-known conditions for the determinacy of equilibrium in MSRE (Markov-switching rational expectations) models. One is the long-run Taylor principle of Davig and Leeper (2007) and the other is by Farmer et al (2009). It is known that the former is merely a necessary condition. This note identifies a restriction on the solution under which the condition is sufficient as well as necessary." @default.
- W2757557210 created "2017-10-06" @default.
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- W2757557210 date "2017-12-01" @default.
- W2757557210 modified "2023-10-17" @default.
- W2757557210 title "The long-run Taylor principle revisited" @default.
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- W2757557210 doi "https://doi.org/10.1016/j.econlet.2017.09.010" @default.
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