Abstract
In this chapter we aim to establish the appropriate choice of terminal conditions in nonlinear forward-consistent expectations models and the conditions under which alternative choices are appropriate. In the process we attempt to clarify the understanding and use of such conditions and establish the link between terminal conditions and the stability and uniqueness conditions.
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© 1992 Springer Science+Business Media Dordrecht
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Fisher, P. (1992). Terminal Conditions, Uniqueness and Stability. In: Rational Expectations in Macroeconomic Models. Advanced Studies in Theoretical and Applied Econometrics, vol 26. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-8002-1_4
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DOI: https://doi.org/10.1007/978-94-015-8002-1_4
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-4188-3
Online ISBN: 978-94-015-8002-1
eBook Packages: Springer Book Archive