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 dynamic econometric model.Equilibrium correctionn dynamic modelling; difference schemes; power series representation

Gunnar Bårdsen

Kenneth Lindsay

Stan Hurn

English

Research Papers in Economics

WORKING PAPER SERIES  
 
 
 
 
 
No. 4/2002 
 
 
 
 
THE GENERIC PROPERTIES OF 
EQUILIBRIUM CORRETION 
MECHANISMS 
 
 
 
 
Gunnar Bårdsen 
Stan Hurn 
Kenneth Lindsay 
 
 
 
 
 
 
Department of Economics  
 N-7491 Trondheim, Norway 
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7

The Generic Properties of Equilibrium Correction Mechanisms

http://www.svt.ntnu.no/iso/WP/2002/4aug99.pdf

The Generic Properties of Equilibrium Correction Mechanisms

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