Browsing Norges Banks vitenarkiv by Author "Lindsay, Kenneth"
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The Generic Properties of Equilibrium Correction Mechanisms
Bårdsen, Gunnar; Hurn, Stan; Lindsay, Kenneth (Working Papers;8/1999, Working paper, 1999)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 provides testable restrictions ...