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An alternative to steady-state comparisons in perfect foresight models

✍ Scribed by Kenneth L. Judd

Book ID
116099183
Publisher
Elsevier Science
Year
1982
Tongue
English
Weight
221 KB
Volume
10
Category
Article
ISSN
0165-1765

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πŸ“œ SIMILAR VOLUMES

The parametric path method: an alternati
The parametric path method: an alternative to Fair–Taylor and L–B–J for solving perfect foresight models
✍ Kenneth L. Judd πŸ“‚ Article πŸ“… 2002 πŸ› Elsevier Science 🌐 English βš– 206 KB

The parametric path method applies projection methods to compute the equilibrium time path of economic variables in inΓΏnite-horizon dynamic models. We exploit the special structure of equilibrium paths common in such models to construct a low-dimensional set of candidate solutions, and then use e ci