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.
- Language
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Englisch
- Bibliographic citation
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Series: Diskussionsbeiträge - Serie II ; No. 150
- Classification
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Wirtschaft
- Subject
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Gleichgewichtstheorie
Rationale Erwartung
Theorie
- Event
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Geistige Schöpfung
- (who)
-
Keuschnigg, Christian
- Event
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Veröffentlichung
- (who)
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Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (where)
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Konstanz
- (when)
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1991
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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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
- Keuschnigg, Christian
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Time of origin
- 1991
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