Author: Albert MarcetPublisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 118
Book Description
Solving Nonlinear Rational Expectations Models by Parameterized Expectations
Author: Albert MarcetPublisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 118
Book Description
Computationally Efficient Solution and Maximum Likelihood Estimation of Nonlinear Rational Expectation Models
Author: Jeffrey C. FuhrerPublisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 54
Book Description
Linear Rational Expectations Models
Author: Charles H. WhitemanPublisher: U of Minnesota Press
ISBN: 1452907935
Category : Business & Economics
Languages : en
Pages : 151
Book Description
Reduced Forms of Rational Expectations Models
Author: L. BrozePublisher: Routledge
ISBN: 1136457739
Category : Business & Economics
Languages : en
Pages : 134
Book Description
A comprehensive exposition of rational expectations models is provided here, working up from simple univariate models to more sophisticated multivariate and non-linear models.
Rational Expectations in Macroeconomic Models
Author: P. FisherPublisher: Springer Science & Business Media
ISBN: 9401580022
Category : Business & Economics
Languages : en
Pages : 215
Book Description
It is commonly believed that macroeconomic models are not useful for policy analysis because they do not take proper account of agents' expectations. Over the last decade, mainstream macroeconomic models in the UK and elsewhere have taken on board the `Rational Expectations Revolution' by explicitly incorporating expectations of the future. In principle, one can perform the same technical exercises on a forward expectations model as on a conventional model -- and more! Rational Expectations in Macroeconomic Models deals with the numerical methods necessary to carry out policy analysis and forecasting with these models. These methods are often passed on by word of mouth or confined to obscure journals. Rational Expectations in Macroeconomic Models brings them together with applications which are interesting in their own right. There is no comparable textbook in the literature. The specific subjects include: (i) solving for model consistent expectations; (ii) the choice of terminal condition and time horizon; (iii) experimental design: i.e., the effect of temporary vs permanent, anticipated vs. unanticipated shocks; deterministic vs. stochastic, dynamic vs. static simulation; (iv) the role of exchange rate; (v) optimal control and inflation-output tradeoffs. The models used are those of the Liverpool Research Group in Macroeconomics, the London Business School and the National Institute of Economic and Social Research.
Practical Considerations when Solving Nonlinear Rational Expectations Models
Author: Satwent Singh MarwahaPublisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 0
Book Description
A General Approach to the Solution of Nonlinear Rational Expectations Models
Author: Andrew P. BlakePublisher:
ISBN:
Category : Computer software
Languages : en
Pages :
Book Description
Methods of Solution and Simulation for Dynamic Rational Expectations Models
Author: Olivier J. BlanchardPublisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 38
Book Description
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 this paper is to present these methods, and to show how and where each can be applied. The methods fall into two groups. Methods in the first can be used to solve for perfect foresight paths in non-linear models. Methods in the second can be used in linear models, to solve either for paths or processes followed by endogenous variables. All the methods described here have been used in empirical applications and computer algorithms are available for most.
Author: Peter Jurriëns
Author: P. G. Fisher