Recursive Solution Methods For Dynamic Linear Rational Expectations Models
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Recursive Solution Methods for Dynamic Linear Rational Expectations Models
Author | : Mark W. Watson |
Publisher | : |
Total Pages | : 31 |
Release | : 1985 |
Genre | : Rational expectations (Economic theory) |
ISBN | : |
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Type: BOOK - Published: 2009-06-30 - Publisher: Harvard University Press
This solutions manual is a companion volume to the classic textbook Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas. Efficient and
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Pages: 38
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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 thi
Language: en
Pages: 43
Pages: 43
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This paper generalizes the standard forward method of recursive substitution to a general class of linear Rational Expectations models with potentially multiple