The forward method as a solution refinement in rational expectations models

DOI10.1016/J.JEDC.2010.09.007MaRDI QIDQ621263zbMATH OpenOpenAlexFDO

Authors Antonio Moreno, Seong-Hoon Cho

Publication date 2 February 2011

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.2010.09.007

zbMATH Keywords

rational expectationsforward methodforward solutionno-bubble condition

Mathematics Subject Classification ID

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

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• scientific article; zbMATH DE number 3913518

Cites work

• Another weakness of ``determinacy as a selection criterion for rational expectations models
• International Fiscal Policy Coordination and Economic Growth
• On the relationship between determinate and MSV solutions in linear RE models
• Real business cycles and the animal spirits hypothesis
• Solving linear rational expectations models
• The Solution of Linear Difference Models under Rational Expectations
• Using the generalized Schur form to solve a multivariate linear rational expectations model

Cited in

(6)

• Rational expectations models: An approach using forward-backward stochastic differential equations
• Solving linear rational expectations models in the presence of structural change: some extensions
• Solvability of perturbation solutions in DSGE models
• Determinacy and classification of Markov-switching rational expectations models
• Capital flows and the business cycle
• Liquidity traps in a world economy

Describes a project that uses

Uses Software

• Gensys
• Uhlig Toolkit

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