An algorithm for the solution of non-linear forward rational expectations models with current partial information

Matthews, Kent Gerard Patrick ORCID: https://orcid.org/0000-0001-6968-3098, Minford, Anthony Patrick Leslie ORCID: https://orcid.org/0000-0003-2499-935X and Blackman, S. C. 1994. An algorithm for the solution of non-linear forward rational expectations models with current partial information. Economic Modelling 11 (3) , pp. 351-358. 10.1016/0264-9993(94)90010-8

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Abstract

This paper presents an algorithm for the solution of a non-linear rational expectations model with current partial information. Even the solutions of small linear models can be intractable in the case of current partial information. The algorithm is tested on a theoretical linear rational expectations with a known analytic solution.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
Uncontrolled Keywords:	Current partial information; Rational expectations; Algorithm
Publisher:	Elsevier
ISSN:	0264-9993
Last Modified:	24 Oct 2022 11:45
URI:	https://orca.cardiff.ac.uk/id/eprint/49237

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