Il lavoro considera le aspettative razionali e una funzione di offerta secondo Lucas in un modello stocastico IS-ML al fine di determinare una combinazione ottimale fra valuta e titoli. L’analisi è costruita sulla base del modello elaborato da Roper e Turnovsky (1980). Un risultato...

This paper considers alternative numerical approaches to solvingthe time-path of a nonlinear representative agent model. Copyright Kluwer Academic Publishers 2003

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...

This paper considers alternative approaches to solving the time-path of a representative agent model following an exogenous shock. The model has a number of important dynamic properties that are both common to a wide range of economic models and have important computational implications for...