Arbeitspapier
Simulating Forward-Looking Models
The solutions of a macroeconometricmodel with expectations of future-dated variables has to be approximated by numerical simulations. A brief review of deterministic and stochastic dynamic simulations of a backward-looking model is followed by a conceptual presentation of methods for dynamic simulations of a forward-looking (rational expectations) model. Detailed numerical methods for solving the models are beyond the scope of this note.
- ISBN
-
82-7553-185-3
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2001/9
- Classification
-
Wirtschaft
Statistical Simulation Methods: General
Multiple or Simultaneous Equation Models; Multiple Variables: General
Computational Techniques; Simulation Modeling
- Subject
-
forward-looking models
rational expectations
simultaneous equation systems
stochastic simulation
- Event
-
Geistige Schöpfung
- (who)
-
Kolsrud, Dag
- Event
-
Veröffentlichung
- (who)
-
Norges Bank
- (where)
-
Oslo
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kolsrud, Dag
- Norges Bank
Time of origin
- 2001
Other Objects (12)
The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward
Pitfalls in the Modelling of Forward-Looking Price Setting and Inverstment Behavior
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
Documentation of the Method Used by Norges Bank for Estimating Implied Forward Interest Rates
Norwegen, 1 Krone
Norwegen, 1 Krone
Background Information, Annual Address 2012
Strategy Report - The Norwegian Government Pension Fund - Global
Dokumentasjon av enkelte beregninger til årstalen 2012
Strategirapport for petroleumsfondet (Fra 1.1.2006 Statens pensjonsfond - Utland)
Long-Term Outlook for Fixed Income and Equity Return
Dokumentasjon av enkelte beregninger til årstalen 2010
The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward
Pitfalls in the Modelling of Forward-Looking Price Setting and Inverstment Behavior
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
Documentation of the Method Used by Norges Bank for Estimating Implied Forward Interest Rates
Norwegen, 1 Krone
Norwegen, 1 Krone
Background Information, Annual Address 2012
Strategy Report - The Norwegian Government Pension Fund - Global
Dokumentasjon av enkelte beregninger til årstalen 2012
Strategirapport for petroleumsfondet (Fra 1.1.2006 Statens pensjonsfond - Utland)
Long-Term Outlook for Fixed Income and Equity Return
Dokumentasjon av enkelte beregninger til årstalen 2010
The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward
Pitfalls in the Modelling of Forward-Looking Price Setting and Inverstment Behavior
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
Documentation of the Method Used by Norges Bank for Estimating Implied Forward Interest Rates
Norwegen, 1 Krone
Norwegen, 1 Krone
Background Information, Annual Address 2012
Strategy Report - The Norwegian Government Pension Fund - Global
Dokumentasjon av enkelte beregninger til årstalen 2012
Strategirapport for petroleumsfondet (Fra 1.1.2006 Statens pensjonsfond - Utland)
Long-Term Outlook for Fixed Income and Equity Return