Recursive Solution Methods For Dynamic Linear Rational Expectations Models
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Recursive Solution Methods for Dynamic Linear Rational Expectations Models
| Author | : Mark W. Watson |
| Publisher | : |
| Total Pages | : 31 |
| Release | : 1985 |
| Genre | : Rational expectations (Economic theory) |
| ISBN | : |
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Many methods have been proposed for the solution and simulation of medium or large size models under the assumption of rational expectations. The purpose of thi
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Pages: 43
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This paper generalizes the standard forward method of recursive substitution to a general class of linear Rational Expectations models with potentially multiple
