Solving a saddlepath unstable model with complex-valued eigenvalues

Solving a saddlepath unstable model with complex-valued eigenvalues

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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 instabiity and also have highly cyclic dynamic properties. It is anticipat...

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Dettagli Bibliografici
Autori principali:	Stemp, P, Herbert, R
Natura:	Working paper
Pubblicazione:	University of Oxford 2003

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