
handle: 11250/2498712 , 10419/209798
The solutions of a macroeconometricmodel with expectations of future-dated variables has to be approximated by numerical simulations. A brief review of deterministic and stochastic dynamic simulations of a backward-looking model is followed by a conceptual presentation of methods for dynamic simulations of a forward-looking (rational expectations) model. Detailed numerical methods for solving the models are beyond the scope of this note.
VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212, C30, C63, ddc:330, JEL: C30, JEL: C63, rational expectations, forward-looking models, simultaneous equation systems, C15, JEL: C15, stochastic simulation
VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212, C30, C63, ddc:330, JEL: C30, JEL: C63, rational expectations, forward-looking models, simultaneous equation systems, C15, JEL: C15, stochastic simulation
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