Linearizations and Equilibrium Correction Models

Gunnar Bårdsen, Norges Bank and Norwegian University of Science and Technology
Stan Hurn, Queensland University of Technology
Kenneth A. Lindsay, University of Glasgow

Abstract

Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous processes with steady-state solutions.

Recommended Citation

Gunnar Bårdsen, Stan Hurn, and Kenneth A. Lindsay (2004) "Linearizations and Equilibrium Correction Models", Studies in Nonlinear Dynamics & Econometrics: Vol. 8: No. 4, Article 5.
http://www.bepress.com/snde/vol8/iss4/art5

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