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Details for article 135 of 194 found articles
| Title: |
Ruling-out non-stationary stochastic rational expectations bubbles when agents are non-risk-neutral |
| Author: |
Roberts, Mark A. |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 5 (1998) nr. 7 pages 473-475 |
| Year: |
1998-07-01 |
| Contents: |
The property of an independent forward-solution in the general solution to linear dynamic RE models is lost where a bubble component has non-zero higher-order moments and where the implicit agents of the model are not risk-neutral. If the conditional higher-order moments are nonstationary, the forward solution becomes process-inconsistent. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 135 of 194 found articles
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