A robust method for simulating forward-l
β
John Armstrong; Richard Black; Douglas Laxton; David Rose
π
Article
π
1998
π
Elsevier Science
π
English
β 838 KB
Methods of computing the type II iterations involved in extended path algorithms for the solution of economic models with forward-looking expectations are described. Particular attention is directed at a method involving the application of a Newton algorithm to a 'stacked' equation system that inclu