Reverse Shooting Made Easy: Solving for the Global Nonlinear Saddle Path
Manoj Atolia (matolia@fsu.edu) and
Edward Buffie (ebuffie@indiana.edu)
Additional contact information
Edward Buffie: Department of Economics, Indiana University
No wp2009_01_01, Working Papers from Department of Economics, Florida State University
Abstract:
We present the blueprints for a set of innovative reverse shooting algorithms that trap the global saddle path in systems with 2-4 state variables. The solution procedure is built around a new distance mapping and refined simplex algorithms. Since the algorithms are completely reliable and always work in the same way, we have been able to develop canned programs that solve for the global nonlinear saddle path in any model with 2-4 state variables. The programs are written in the spirit of plug and play: the user types in the equations of the model and then waits for the solution.
Keywords: Reverse shooting; global saddle path; distance mapping (search for similar items in EconPapers)
JEL-codes: C61 C63 (search for similar items in EconPapers)
Pages: 47
Date: 2004-08, Revised 2009-01
References: Add references at CitEc
Citations: View citations in EconPapers (18)
Downloads: (external link)
https://coss.fsu.edu/econpapers/wpaper/wp2009_01_01.pdf (application/pdf)
https://coss.fsu.edu/econpapers/wpaper/wp2009_01_01.zip Revised version, 2009-01 (application/zip)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (https://coss.fsu.edu/econpapers/wpaper/wp2009_01_01.zip [301 Moved Permanently]--> https://cosspp.fsu.edu/econpapers/wpaper/wp2009_01_01.zip)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fsu:wpaper:wp2009_01_01
Ordering information: This working paper can be ordered from
lprodgers@fsu.edu
Access Statistics for this paper
More papers in Working Papers from Department of Economics, Florida State University Contact information at EDIRC.
Bibliographic data for series maintained by Luke Rodgers (lprodgers@fsu.edu).