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...
| Príomhchruthaitheoirí: | , |
|---|---|
| Formáid: | Working paper |
| Foilsithe / Cruthaithe: |
University of Oxford
2003
|