EconPapers    
Economics at your fingertips  
 

Solving Large Scale Rational Expectations Models

Jess Gaspar and Kenneth Judd

No 207, NBER Technical Working Papers from National Bureau of Economic Research, Inc

Abstract: We explore alternative approaches to numerical solutions of large rational expectations models. We discuss and compare several current alternatives, focussing on the tradeoffs in accuracy, space, and speed. The models range from representative agent models with many goods and capital stocks, to models of heterogeneous agents with complete or incomplete asset markets. The methods discussed include perturbation and projection methods. We show that these methods are capable of analyzing moderately large models even when we use only elementary, general purpose numerical methods.

JEL-codes: C68 (search for similar items in EconPapers)
Date: 1997-02
Note: PE
References: View complete reference list from CitEc
Citations: View citations in EconPapers (82)

Published as Gaspar, Jess and Kenneth L. Judd. "Solving Large-Scale Rational-Expectations Models," Macroeconomic Dynamics, 1997, v1(1,Jan), 45-75.

Downloads: (external link)
http://www.nber.org/papers/t0207.pdf (application/pdf)

Related works:
Journal Article: SOLVING LARGE-SCALE RATIONAL-EXPECTATIONS MODELS (1997) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberte:0207

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/t0207

Access Statistics for this paper

More papers in NBER Technical Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-03-19
Handle: RePEc:nbr:nberte:0207