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Symplectic Methods for the Solution to Riccati Matrix Equations Related to Macroeconomic Models

✍ Scribed by Guiomar Martín-Herrán


Book ID
110265996
Publisher
Springer US
Year
1999
Tongue
English
Weight
242 KB
Volume
13
Category
Article
ISSN
1572-9974

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📜 SIMILAR VOLUMES


A practical implementation for solutions
✍ R.B. Carroll; D.A. Brask 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 92 KB

The linear-quadratic control model (LQCM) is very popular due to its applicability to many economic situations. An infinite-horizon equilibrium solution to such a model requires that we solve the algebraic matrix Riccati Equation. Numerical methods based on a modified Newton-Raphson iteration conver