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An algorithm for the solution of non-linear forward rational expectations models with current partial information

Authors :
S. C. Blackman
Anthony Patrick Leslie Minford
Kent Matthews
Source :
Economic Modelling. 11:351-358
Publication Year :
1994
Publisher :
Elsevier BV, 1994.

Abstract

This paper presents an algorithm for the solution of a non-linear rational expectations model with current partial information. Even the solutions of small linear models can be intractable in the case of current partial information. The algorithm is tested on a theoretical linear rational expectations with a known analytic solution.

Details

ISSN :
02649993
Volume :
11
Database :
OpenAIRE
Journal :
Economic Modelling
Accession number :
edsair.doi...........02a3a5bd3fbe0065e0aacaceb9fd4369