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This R-package verifies the claims in the article "The Full Set of Solutions of Linear Rational Expectation Models". In particular, it shows that some equilibria are classified as indeterminate by Lubik and Schorfheide even though they have the same observable outcome.

bfunovits/indeterminateR

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IndeterminateR

This R-package verifies the claims in the article

The Full Set of Solutions of Linear Rational Expectation Models, published in Economics Letters, Volume 161, December 2017, Pages 47–51, https://doi.org/10.1016/j.econlet.2017.09.021

In particular, it shows that some equilibria are classified as indeterminate by Lubik and Schorfheide even though they have the same observable outcome.

Installation

Run devtools::install_github("bfunovits/indeterminateR", build_vignettes = TRUE). The package devtools needs to be installed in order that the above line of code work. By default, vignettes are not built when using devtools::install_github(), thus the argument build_vignettes must be set to TRUE.

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This R-package verifies the claims in the article "The Full Set of Solutions of Linear Rational Expectation Models". In particular, it shows that some equilibria are classified as indeterminate by Lubik and Schorfheide even though they have the same observable outcome.

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