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

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awduron: Stemp, P, Herbert, R
Fformat: Working paper
Cyhoeddwyd: University of Oxford 2003