Does a Unique Solution Exist for a Nonlinear Rational Expectation Equation with Zero Lower Bound?
Does a Unique Solution Exist for a Nonlinear Rational Expectation Equation with Zero Lower Bound?
About this item
Full title
Author / Creator
Publisher
Tokyo: Springer Japan
Journal title
Language
English
Formats
Publication information
Publisher
Tokyo: Springer Japan
Subjects
More information
Scope and Contents
Contents
To formalize a nonlinear rational expectation model in macroeconomics as a functional equation, we investigate the existence of a unique solution. Assuming that the probability of large exogenous disturbance occurring is sufficiently small, we prove that a unique solution exists. This result provides a rigorous foundation for research on nonlinear...
Alternative Titles
Full title
Does a Unique Solution Exist for a Nonlinear Rational Expectation Equation with Zero Lower Bound?
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_journals_2405802232
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2405802232
Other Identifiers
ISSN
1387-2834
E-ISSN
1573-6946
DOI
10.1007/s10690-019-09293-1
