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LINEAR-QUADRATIC OPTIMIZATION FOR MODELS WITH RATIONAL EXPECTATIONS
Hans M Amman ()
David Andrew Kendrick , 1999, vol. 3, issue 04, pages 534-543
Macroeconomic Dynamics Abstract:
We present a method for using rational expectations in alinear-quadratic optimization framework. Following the approach put forward by Sims, we solve the model through a QZ decomposition, which is generally easier to implement than the more widely used Blanchard-Kahn method.
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Related works: Working Paper: Linear Quadratic Optimization for Models with Rational Expectations (1997) Working Paper: Linear Quadratic Optimization for Models with Rational Expectations (1997) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:cup:macdyn:v:3:y:1999:i:04:p:534-543_01
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