Arbeitspapier
How to compute perfect foresight equilibria
The paper reviews an algorithm for the iterative solution of rational expectations models. It shows in detail how general equilibrium models with perfect foresight and intertemporally optimizing behavior must be set up to be solved numerically with the algorithm. Three examples of intertemporal equilibrium models with increasing complexity are given. An extensive sensitivity analysis with respect to changes in the control parameters tests the efficiency of the algorithm in solving the examples.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeiträge - Serie II ; No. 150
- Klassifikation
-
Wirtschaft
- Thema
-
Gleichgewichtstheorie
Rationale Erwartung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Keuschnigg, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (wo)
-
Konstanz
- (wann)
-
1991
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Keuschnigg, Christian
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Entstanden
- 1991
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