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Showing 1 to 1 of 1 for “"isolated time scale"”.
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Cagan Type Rational Expectations Model on Time Scales with Their Applications to Economics
… J. Sargent and Neil Wallace in 1973. After that time, many solution techniques were suggested to solve the Cagan type rational expectations (CTRE) model. Some economists such as Muth [13], Taylor [26] and Shiller [27] consider the solutions admitting an infinite moving-average representation. …