Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Time-consistent decisions and rational expectation equilibrium existence
  in DSGE models   Under some initial conditions, it is shown that time consistency requirements
prevent rational expectation equilibrium (REE) existence for dynamic stochastic
general equilibrium models induced by consumer heterogeneity, in contrast to
static models. However, one can consider REE-prohibiting initial conditions as
limits of other initial conditions. The REE existence issue then is overcome by
using a limit of economies. This shows that significant care must be taken of
when dealing with rational expectation equilibria.

10
The categories of this paper are: q-bio
21
The categories of this paper are: adap-org
31
The categories of this paper are: ao-sci
11
The categories of this paper are: hep-lat
36
The categories of this paper are: cmp-lg
2
The categories of this paper are: math
30
The categories of this paper are: q-alg
9
The categories of this paper are: nlin
19
The categories of this paper are: eess
25
The categories of this paper are: patt-sol
1
The categories of this paper are: cs
27
The categories of this paper are: comp-gas
28
The categories of this paper are: alg-geom
22
The categories of this paper are: chao-dyn
37
The categories of this paper are: supr-con
12
The categories of this paper are: nucl-th