Solving a non-linear model: The importance of model specification for deriving a suitable solution

DOI10.1016/J.MATCOM.2008.04.010MaRDI QIDQ834306zbMATH OpenOpenAlexFDO

Authors Ric D. Herbert, Peter J. Stemp

Publication date 19 August 2009

Published in Mathematics and Computers in Simulation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.matcom.2008.04.010

zbMATH Keywords

computational techniquesforward-shootingmacroeconomicsreverse-shooting

Mathematics Subject Classification ID

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

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Cites work

• Assessing two common approaches for solving models with saddle-path instabilities
• Comparing different approaches for solving optimizing models with significant nonlinearities
• Solving non-linear models with saddle-path instabilities
• The Solution of Linear Difference Models under Rational Expectations
• The Stability of Models of Money and Growth with Perfect Foresight

Cited in

(6)

• Reverse shooting made easy: Automating the search for the global nonlinear saddle path
• Solving the dynamics of a representative agent macro-economic model
• Assessing two common approaches for solving models with saddle-path instabilities
• Smart forward shooting
• Solving non-linear models with saddle-path instabilities
• Comparing different approaches for solving optimizing models with significant nonlinearities

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