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Dynamic adjustment cost models with forward-looking behaviour

✍ Scribed by Luca Fanelli


Book ID
110880020
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
192 KB
Volume
9
Category
Article
ISSN
1368-4221

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πŸ“œ SIMILAR VOLUMES


Krylov methods for solving models with f
✍ Manfred Gilli; Giorgio Pauletto πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 174 KB

The simulation of large macroeconometric models containing forward-looking variables can become impractical when using exact Newton methods. The difficulties generally arise from the use of direct methods for the solution of the linear system in the Newton step. In such cases, nonstationary iterativ