Linear-quadratic solution methods to non-linear stochastic models: a note.

The writer describes and compares linear-quadratic solution methods to nonlinear stochastic rational expectations models using a closed economy real business cycle model as an illustration. He demonstrates that all methods yield identical coefficients in the optimal decision rules. However, he not...

Descripción completa

Detalles Bibliográficos

Publicado en:	Manchester School (14636786) Vol. 66; no. 1; pp. 118 - 128
Autor principal:	Roche, Maurice J.
Formato:	Artículo
Publicado:	Wiley-Blackwell January 1998
Materias:	Stochastic processes Mathematical models of business cycles Rational expectations (Economic theory)
Acceso en línea:	Ver este registro en EBSCOhost