NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Solutions to Linear Rational Expectations Models: A Compact Exposition

Bennett T. McCallum

NBER Technical Working Paper No. 232
Issued in April 1998

An elementary exposition is presented of a convenient and practical solution procedure for a broad class of linear rational expectations models. The undetermined-coefficient approach utilized keeps the mathematics very simple and permits consideration of alternative solution criteria.

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Document Object Identifier (DOI): 10.3386/t0232

Published: McCallum, Bennett T. "Solutions To Linear Rational Expectations Models: A Compact Exposition," Economics Letters, 1998, v61(2,Nov), 143-147.

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