A MATLAB Solver for Nonlinear Rational Expectations Models

Paul Fackler ()

Computational Economics, 2005, vol. 26, issue 2, 173-181

Abstract: A framework for describing nonlinear rational expectation models is developed that synthesizes previously described approaches. Computational issues for solving such models include how the expectation operator is approximated, what family of approximation is used for the solution function, what criteria are used for choosing approximation parameters and what algorithm is used to identify the parameters. A user-friendly MATLAB procedure that incorporates a wide variety of possible choices is described. Copyright Springer Science + Business Media, Inc. 2005

Keywords: projection methods; rational expectations (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10614-005-1784-z

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