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

Ray Fair ()

Computational Economics, 2003, vol. 21, issue 3, 245-256

Abstract: This paper presents a computationally fesible procedure for the optimalcontrol and stochastic simulation of large nonlinear models with rationalexpectations under the assumption of certainty equivalence. Copyright Kluwer Academic Publishers 2003

Keywords: optimal control; stochastic simulation; rational expectations (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (8)

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DOI: 10.1023/A:1023947827146

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