Precision performances of terminal conditions for short time horizons forward-looking systems
Michel Juillard () and
Raouf Boucekkine ()
UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía
In this paper, we investigate both theoretically and empirically the numerical bias due to the truncation of structurally infinite time forward-Iooking models, by the means of various terminal conditions. We shed light on the difficulties of numerical control using the latter instrurnents, and recornrnend a prior investigation of the individual dynamics generated by each variable of the models under consideration.
Keywords: Expectations; Large; scale; models; Solution; time; horizons; Terminal; conditions (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Precision Performances of Terminal Conditions for Short Time Horizons Forward-Looking Systems (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:3909
Access Statistics for this paper
More papers in UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía
Bibliographic data for series maintained by Ana Poveda ().