Browsing Institutt for samfunnsøkonomi by Author "Lindsay, Kenneth"
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The Generic Properties of Equilibrium Correction Mechanisms
Bårdsen, Gunnar; Hurn, Stand; Lindsay, Kenneth (Working Paper Series, 1503-299X; 2002:4, Research report, 2002)Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous economic processes with steady-state solutions. In addition, the proposed procedure on the coefficients of the ...