Does a unique solution exist for a nonlinear rational expectation equation with zero lower bound?

DOI10.1007/S10690-019-09293-1MaRDI QIDQ2216397zbMATHOpenAlexFDO

Authors Takashi Tamura

Publication date 15 December 2020

Published in Asia-Pacific Financial Markets (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10690-019-09293-1

zbMATH Keywords

Lyapunov functionsfunctional equationnonlinear rational expectation modelzero lower bound on interest rates

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• scientific article; zbMATH DE number 6125590 (Why is no real title available?)
• Calculating and using second-order accurate solutions of discrete time dynamic equilibrium models
• Probability. Theory and examples.
• Solving DSGE models with a nonlinear moving average
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Solving linear rational expectations models
• The Solution of Linear Difference Models under Rational Expectations
• The perils of Taylor rules
• Using the generalized Schur form to solve a multivariate linear rational expectations model

Describes a project that uses

Uses Software

• Gensys

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