Optimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations

Ray Fair ()

Yale School of Management Working Papers from Yale School of Management

Abstract: This paper presents a computationally feasible procedure for the optimal control and stochastic simulation of large nonlinear models with rational expectations under the assumption of certainty equivalence.

JEL-codes: C50 C15 (search for similar items in EconPapers)
Date: 2001-06-20

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Related works:
Journal Article: Optimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:ysm:somwrk:ysm202

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