Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Forward Method As A Solution Refinement In Rational Expectations Models
Download The Forward Method As A Solution Refinement In Rational Expectations Models full books in PDF, epub, and Kindle. Read online The Forward Method As A Solution Refinement In Rational Expectations Models ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Forward Method as a Solution Refinement in Rational Expectations Models by : Seonghoon Cho
Download or read book The Forward Method as a Solution Refinement in Rational Expectations Models written by Seonghoon Cho and published by . This book was released on 2008 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper generalizes the standard forward method of recursive substitution to a general class of linear Rational Expectations models with potentially multiple fundamental solutions. We propose a key property embedded in the forward solution -- the no-bubble condition -- as an economically sensible solution refinement in the class of fundamental solutions. In the literature, the no-bubble condition has been assumed to rule out non-fundamental bubble solutions. However, since the condition involves expectations of the future endogenous variables, it must be verified for every Rational Expectations equilibrium. We show that the forward solution is the only fundamental solution satisfying the no-bubble condition and that it is hard to justify economically fundamental solutions violating this condition. We provide several economic examples where the fundamental solutions obtained by other solution methods and refined by other solution selection criteria violate the no-bubble condition.
Book Synopsis A Continuity Refinement for Rational Expectations Solutions by : Bennett T. MacCallum
Download or read book A Continuity Refinement for Rational Expectations Solutions written by Bennett T. MacCallum and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Linear RE models typically possess a multiplicity of solutions. Consider, however, the requirement that the solution coefficients must not be infinitely discontinuous in the model's structural parameters. In particular, we require that the solutions should be continuous in the limit as those parameters, which express quantitatively the extent to which expectations affect endogenous variables, go to zero. The paper shows that under this condition there is, for a very broad class of linear RE models, only a single solution.
Book Synopsis Methods of Solution and Simulation for Dynamic Rational Expectations Models by : Olivier J. Blanchard
Download or read book Methods of Solution and Simulation for Dynamic Rational Expectations Models written by Olivier J. Blanchard and published by . This book was released on 1983 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many methods have been proposed for the solution and simulation of medium or large size models under the assumption of rational expectations. The purpose of this paper is to present these methods, and to show how and where each can be applied. The methods fall into two groups. Methods in the first can be used to solve for perfect foresight paths in non-linear models. Methods in the second can be used in linear models, to solve either for paths or processes followed by endogenous variables. All the methods described here have been used in empirical applications and computer algorithms are available for most.
Book Synopsis The Solution of Nonlinear Forward Looking Rational Expectations Models by : Peter Jurriëns
Download or read book The Solution of Nonlinear Forward Looking Rational Expectations Models written by Peter Jurriëns and published by . This book was released on 1986 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Solution Techniques for Rational Expectations Models by : Charles H. Whiteman
Download or read book Solution Techniques for Rational Expectations Models written by Charles H. Whiteman and published by . This book was released on 1982 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Integrated Macro-Micro-Modelling Under Rational Expectations by : Michael Malakellis
Download or read book Integrated Macro-Micro-Modelling Under Rational Expectations written by Michael Malakellis and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is concerned with the formulation and implementation of ORANI-INT, an intertemporal Computable General Equilibrium (CGE) model of the Australian economy. The aim is to bring together, in a balanced approach, theory and data for the purpose of developing a practical state-of-the-art tool for policy analysis. The modelling approach adopted is motivated by the recent trend in economy-wide modelling to combine the respective strengths of traditional CGE models and modern macroeconomic models. Traditional CGE models typically provide a dissagregate representation of the economy at a single point in time. Such models are useful for analysing issues involving the allocation of resources among the various agents identified at a particular point in time. Modern macroeconomic models, on the other hand, usually provide an aggregate representation of the economy over many points in time. Such models are useful for analysing issues involving the allocation of resources across time. A model that combines the strengths of static CGE models and modern macro-dynamic models is amenable to addressing a wide range of policy issues. To demonstrate this point ORANI-INT is used to analyse tariff reform.
Book Synopsis Handbook of Research Methods in Behavioural Economics by : Morris Altman
Download or read book Handbook of Research Methods in Behavioural Economics written by Morris Altman and published by Edward Elgar Publishing. This book was released on 2023-03-02 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.
Book Synopsis A Comparison of Alternative Solution Methods for the Linear Rational Expectations Model by : Wanpyo Son
Download or read book A Comparison of Alternative Solution Methods for the Linear Rational Expectations Model written by Wanpyo Son and published by . This book was released on 1986 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Modelling and Control of National Economies 1989 by : N.M. Christodoulakis
Download or read book Dynamic Modelling and Control of National Economies 1989 written by N.M. Christodoulakis and published by Elsevier. This book was released on 2014-06-28 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Symposium aimed at analysing and solving the various problems of representation and analysis of decision making in economic systems starting from the level of the individual firm and ending up with the complexities of international policy coordination. The papers are grouped into subject areas such as game theory, control methods, international policy coordination and the applications of artificial intelligence and experts systems as a framework in economic modelling and control. The Symposium therefore provides a wide range of important information for those involved or interested in the planning of company and national economics.
Book Synopsis An Application of a Linear-quadratic Regulator Optimal Control Problem for a Beef Cattle Operator and Its Implications by : Man-Sik Yoo
Download or read book An Application of a Linear-quadratic Regulator Optimal Control Problem for a Beef Cattle Operator and Its Implications written by Man-Sik Yoo and published by . This book was released on 1990 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Estimation of Forward-looking Rational Expectations Models by Two-stage Least Squares Methods by : David Blake
Download or read book The Estimation of Forward-looking Rational Expectations Models by Two-stage Least Squares Methods written by David Blake and published by . This book was released on 1986 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Recursive Solution Methods for Dynamic Linear Rational Expectations Models by : Mark W. Watson
Download or read book Recursive Solution Methods for Dynamic Linear Rational Expectations Models written by Mark W. Watson and published by . This book was released on 1985 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A General Approach to the Solution of Nonlinear Rational Expectations Models by : Andrew P. Blake
Download or read book A General Approach to the Solution of Nonlinear Rational Expectations Models written by Andrew P. Blake and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis IMACS '91, 13th World Congress on Computation and Applied Mathematics by : Robert Vichnevetsky
Download or read book IMACS '91, 13th World Congress on Computation and Applied Mathematics written by Robert Vichnevetsky and published by . This book was released on 1991 with total page 1100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Estimating the Effects of Forward Guidance in Rational Expectations Models by : Richard Harrison
Download or read book Estimating the Effects of Forward Guidance in Rational Expectations Models written by Richard Harrison and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Solving Linear Rational Expectations Models with Lagged Expectations Quickly and Easily by :
Download or read book Solving Linear Rational Expectations Models with Lagged Expectations Quickly and Easily written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A solution method is derived in this paper for solving a system of linear rational-expectations equation with lagged expectations (e.g., models incorporating sticky information) using the method of undetermined coefficients for the infinite MA representation. The method applies a combination of a Generalized Schur Decomposition familiar elsewhere in the literature and a simple system of linear equations when lagged expectations are present to the infinite MA representation. Execution is faster, applicability more general, and use more straight-forward than with existing algorithms. Current methods of truncating lagged expectations are shown to not generally be innocuous and the use of such methods are rendered obsolete by the tremendous gains in computational efficiency of the method here which allows for a solution to floating-point accuracy in a fraction of the time required by standard methods. The associated computational application of the method provides impulse responses to anticipated and unanticipated innovations, simulations, and frequency-domain and simulated moments. -- Lagged expectations ; linear rational expectations models; block tridiagonal ; Generalized Schur Form ; QZ decomposition ; LAPACK
Book Synopsis The Rational Expectations Revolution by : Preston J. Miller
Download or read book The Rational Expectations Revolution written by Preston J. Miller and published by MIT Press. This book was released on 1994 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: These 21 readings describe the orgins and growth of the macroeconomic analysis known as "rational expectations". The readings trace the development of this approach from the late 1970s to the 1990s.
