Multiple Shooting in Rational Expectations Models

DOI10.2307/1911877MaRDI QIDQ4742519zbMATH OpenOpenAlexFDO

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

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 shootingnonlinear rational expectations modelstwo point boundary value problems

Mathematics Subject Classification ID

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

Cited in

(10)

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

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