Multiple Shooting in Rational Expectations Models

DOI10.2307/1911877zbMath0505.90015OpenAlexW2151207452MaRDI QIDQ4742519

James M. Poterba, David Lipton, Lawrence Summers, Jeffrey D. Sachs

Publication date: 1982

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1911877

zbMATH Keywords

algorithmapproximate solutionsmultiple shootingtwo point boundary value problemsnonlinear rational expectations models

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (10)

Smart forward shooting ⋮ An alternative methodology for solving nonlinear forward-looking models ⋮ Iterative techniques for solving simultaneous equation systems: A view from the economics literature ⋮ Efficient solution techniques for linear and nonlinear rational expectations models ⋮ Expectations, learning and empirical macroeconomic models ⋮ The solution of time-varying linear rational expectations models and the role of terminal conditions ⋮ Optimal dynamics in a two-sector model with natural resources and foreign direct investments ⋮ Solution of perfect foresight saddlepoint problems: a simple method and applications. ⋮ Extensions of linearization to large econometric models with rational expectations ⋮ Reverse shooting made easy: Automating the search for the global nonlinear saddle path

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