| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/t0003 |
| 来源ID | Technical Working Paper 0003 |
| Multiple Shooting in Rational Expectations Models | |
| David Lipton; James M. Poterba; Jeffrey Sachs; Lawrence H. Summers | |
| 发表日期 | 1983-06-01 |
| 出版年 | 1983 |
| 语种 | 英语 |
| 摘要 | This note describes an algorithm for the solution of rational expectations models with saddlepoint stability properties. The algorithm is based on the method of multiple shooting, which is widely used to solve mathematically similar problems in the physical sciences. Potential applications to economics include models of capital accumulation and valuation, money arid growth, exchange rate determination, and macroeconomic activity. In general, whenever an asset price incorporates information about the future path of key variables, solution algorithms of the type we consider are applicable. |
| URL | https://www.nber.org/papers/t0003 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558355 |
| 推荐引用方式 GB/T 7714 | David Lipton,James M. Poterba,Jeffrey Sachs,et al. Multiple Shooting in Rational Expectations Models. 1983. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| t0003.pdf（500KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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