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2012-10-16
rt
what's the meaning of "jump variable" and "forward-looking variable" in macroeconomics?
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2013-1-22 11:53:33
x(t+1) = Ax(t) + b, (x is forward-looking)

x(t) = Ax(t-1) + b. (x is predetermined)

The difference between "forward-looking variables" vs. "predetermined variables" has to do with conditional expectations. In the example above, x(t+1) = Ax(t) + b, (x is forward-looking) as E_t x(t+1) = Ax(t) + b.

In contrast, in x(t) = Ax(t-1) + b. (x is predetermined), you could also add an conditional expectation at time t, but it would be redundant. Due to this conditional expectations operator, both statements are not (!) the same
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2015-3-22 11:55:01
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2015-3-22 14:54:49
seems to be the same in Dynare. You can read the help files of Dynare or BK(1983) to find some help.
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2015-3-22 21:45:14
crossyouth 发表于 2013-1-22 11:53
x(t+1) = Ax(t) + b, (x is forward-looking)

x(t) = Ax(t-1) + b. (x is predetermined)
最好引用一下,这是 jpfeifer 的解释。
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