Solving a Saddlepath Unstable Model with Complex-Valued Eigenvalues.
This paper investigates the success of the well-known reverse-shooting and forward-shooting algorithms in finding stable solutions for linear macroeconomic models that both possess the particular property known as saddle-path instability and also have highly cyclic dynamic properties. It is anticipa...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Department of Economics (University of Oxford)
2003
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