How to compute perfect foresight equilibria

Christian Keuschnigg

The paper reviews an algorithm for the iterative solution of rational expectations models. It shows in detail how general equilibrium models with perfect foresight and intertemporally optimizing behavior must be set up to be solved numerically with the algorithm. Three examples of intertemporal equilibrium models with increasing complexity are given. An extensive sensitivity analysis with respect to changes in the control parameters tests the efficiency of the algorithm in solving the examples.

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Year of publication:	1991
Authors:	Keuschnigg, Christian
Publisher:	Konstanz
Subject:	Gleichgewichtstheorie \| Equilibrium theory \| Rationale Erwartung \| Rational expectations \| Theorie \| Theory

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Extent:	39 S.
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/101656 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009708613