Rouche’s Theorem: Conditions for Preventing Recursive Equilibrium
#macroeconometrics #dynamicstochasticmodels #newkeynesianeconomics #stochasticequilibrium #dsgemodel #bifurcationanalysis #thelucascritique #rouchestheorem
https://hackernoon.com/rouches-theorem-conditions-for-preventing-recursive-equilibrium
#macroeconometrics #dynamicstochasticmodels #newkeynesianeconomics #stochasticequilibrium #dsgemodel #bifurcationanalysis #thelucascritique #rouchestheorem
https://hackernoon.com/rouches-theorem-conditions-for-preventing-recursive-equilibrium
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Rouche’s Theorem: Conditions for Preventing Recursive Equilibrium
Rouche’s theorem conditions that prevent recursive equilibrium, detailing how roots outside the unit circle impact economic models and price dispersion.