A robust method for simulating forward-looking models

DOI10.1016/S0165-1889(97)00081-XMaRDI QIDQ1128628zbMATH OpenFDO

Authors S. H. Smith

Publication date 13 August 1998

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0165-1889(97)00081-X

zbMATH Keywords

forward-looking expectationslinear modelsNewton algorithm

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• A robust method for simulating forward-looking models
• Efficient solution techniques for linear and nonlinear rational expectations models
• scientific article; zbMATH DE number 48313 (Why is no real title available?)
• scientific article; zbMATH DE number 236854 (Why is no real title available?)
• Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
• Simple reordering techniques for expanding the convergence radius of first-order iterative techniques
• Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(13)

• A Newton's algorithm for solving multicountry econometric models
• A robust method for simulating forward-looking models
• Krylov methods for solving models with forward-looking variables
• An algorithm competition: First-order iterations versus Newton-based techniques
• An alternative methodology for solving nonlinear forward-looking models
• Inflation targeting with NAIRU uncertainty and endogenous policy credibility
• The parametric path method: an alternative to Fair--Taylor and L--B--J for solving perfect foresight models.
• On stochastic simulation of forward-looking models
• The U. S. Phillips curve: The case for asymmetry
• Fiscal deficits and current account deficits
• A higher-order Taylor approach to simulation of stochastic forward-looking models with an application to a nonlinear Phillips curve model
• Sentiment-driven speculation in financial markets with heterogeneous beliefs: a machine learning approach
• Smart forward shooting

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