Herbert, Ric D.; Stemp, Peter J. - In: Mathematics and Computers in Simulation (MATCOM) 79 (2009) 9, pp. 2847-2855
endogenous variables. Attempts to solve these models, using forward-shooting and reverse-shooting algorithms, show that the … model. The reverse-shooting algorithm chooses the “right” solution in both cases. We demonstrate how this result is driven …