A sufficient condition for the existence and the uniqueness of a solution in macroeconomic models with perfect foresight

DOI10.1016/J.JEDC.2003.09.001zbMATH Open1201.91136OpenAlexW2026151364MaRDI QIDQ953696FDOQ953696

Authors: Jean-Pierre Laffargue 

Publication date: 6 November 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2003.09.001

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Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Solving linear rational expectations models
• Public Finance in Models of Economic Growth
• The Solution of Linear Difference Models under Rational Expectations
• Replacement echoes in the vintage capital growth model
• An algorithm competition: First-order iterations versus Newton-based techniques
• The Zero Root Problem: A Note on the Dynamic Determination of the Stationary Equilibrium in Linear Models
• A computational general equilibrium model with vintage capital

Cited In (7)

• Symbolic stationarization of dynamic equilibrium models
• The \(Z\)-transform and comparative dynamics in discrete-time models
• Beyond the linearity critique: the knife-edge assumption of steady-state growth
• Multiple solutions in systems of functional differential equations
• On the stability properties of the long-run stationary equilibrium in macro-dynamic models under perfect foresight and static expectations
• Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
• Intergenerational Transfers and the Stability of Public Debt with Short-Lived Governments

Uses Software

• Dynare

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