THE SOLUTION OF NONLINEAR FORWARD LOOK RATIONAL EXPECTATIONS MODELS
P Jurriens and
No 293116, University of Amsterdam, Actuarial Science and Econometrics Archive from University of Amsterdam, Faculty of Economics and Business
In this paper a solution technique is developed for non-linear rational expectation models. In models with current expectations of future variables we show that shooting can only be applied if the model is solved simultaneously over these future periods. Our algorith provides a solution path for this problem.
Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:amstas:293116
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