LINEAR-QUADRATIC OPTIMIZATION FOR MODELS WITH RATIONAL EXPECTATIONS

Hans Amman and David Kendrick

Macroeconomic Dynamics, 1999, vol. 3, issue 4, 534-543

Abstract: We present a method for using rational expectations in a linear-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.

Date: 1999
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