Solving Models with Imperfect and Asymmetric Information

Pawel Kowal ()

Macroeconomics from EconWPA

Abstract: We consider linear dynamic models with rational expectations in case of incomplete and asymmetric information as well as agents heterogeneity. This problem requires solving infinite dimensional matrix equations. We propose asymptotic expansion method to reduce this problem to the finite dimensional problem.

Keywords: Computational Methods; Imperfect Information; Asymmetric Information; Linear Rational Expectations Model; Asymptotic Expansion. (search for similar items in EconPapers)
JEL-codes: C61 C63 E17 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-mac
Date: 2005-05-28
Note: Type of Document - pdf; pages: 15
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0505025

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