Solving non-linear models with saddle-path instabilities
DOI10.1007/S10614-006-9042-6zbMATH Open1101.91062OpenAlexW2078932386MaRDI QIDQ857743FDOQ857743
Authors: Peter J. Stemp, Ric D. Herbert 
Publication date: 20 December 2006
Published in: Computational Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s10614-006-9042-6
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macroeconomicscomputational techniquesmonotonic convergencecomplex-valued eigenvaluescyclic convergencereal-valued eigenvaluessaddle-path instability
Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of optimal control and differential games (49N90)
Cites Work
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- Numerical solution of infinite-horizon optimal-control problems
- Habit formation, catching up with the Joneses, and economic growth
- Adjustment Costs in the Theory of Investment of the Firm
- Trend-reverting fluctuations in the life-cycle model
- Comparing different approaches for solving optimizing models with significant nonlinearities
Cited In (5)
- Solving a non-linear model: The importance of model specification for deriving a suitable solution
- Comparing different approaches for solving optimizing models with significant nonlinearities
- Reverse shooting made easy: Automating the search for the global nonlinear saddle path
- Assessing two common approaches for solving models with saddle-path instabilities
- A simple and intuitive method to solve small rational expectations models
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