Asymptotics Of Stochastic Recursive Economies Under Monotonicity
This paper presents a new mixing condition for dynamic economies with a Markov structure. The mixing condition is stated in terms of order, and generalizes a number of wellknown conditions used to establish stability of monotone dynamic models. By generalizing the key insights of the original conditions, we derive a set of results with applications to many theoretical and time series models.
|Date of creation:||Jan 2009|
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