AN ALGORITHM FOR THE SOLUTION OF NONLINEAR FORWARD RATIONAL-EXPECTATIONS MODELS WITH CURRENT PARTIAL INFORMATION

Authors
MATTHEWS KGP MINFORD APL BLACKMAN SC
Citation
Kgp. Matthews et al., AN ALGORITHM FOR THE SOLUTION OF NONLINEAR FORWARD RATIONAL-EXPECTATIONS MODELS WITH CURRENT PARTIAL INFORMATION, Economic modelling, 11(3), 1994, pp. 351-358
Citations number
10
Categorie Soggetti
Economics
Journal title
Economic modelling → ACNP
ISSN journal
02649993
Volume
11
Issue
3
Year of publication
1994
Pages
351 - 358
Database
ISI
SICI code
0264-9993(1994)11:3<351:AAFTSO>2.0.ZU;2-S
Abstract
This paper presents an algorithm for the solution of a non-linear rati onal expectations model with current partial information. Even the sol utions of small linear models can be intractable in the case of curren t partial information. The algorithm is tested on a theoretical linear rational expectations with a known analytic solution.