Solution of finite-horizon multivariate linear rational expectations models and sparse linear systems

Article Abstract:

Methods for solving multivariate linear rational expectations models are presented in detail. Links to linear equation systems are also provided.

United States, Statistical Data Included, Models, Linear systems

---

Solution of finite-horizon multivariate linear rational expectations models and sparse linear systems

Article Abstract:

Issues related to rational expectations are analyzed using multivariate linear models. Numerical schemes are examined, and their applications are discussed.

Economics, Research and Development in the Social Sciences and Humanities, Economic aspects, Rational expectations (Economics)

---

A floor and ceiling model of US output

Article Abstract:

A floor and ceiling model of US output provides new initial conditions of the growth process in the implementation of real business cycle theory. Though the model is derived from previous nonlinear time-series models of US output, such as those of Beaudry and Koop(1993), it does not depend on either negative or positive shocks. Instead, the approximate linear model provides an explanation to strong interactions between fluctuations and growth. It also explains the relationship between the rate of long-term growth and fluctuations without reflecting barriers.

Econometrics & Model Building, Usage, Econometrics, United States economic conditions, Economic indicators, Business cycles, Business models, Nonlinear theories, Autoregression (Statistics)

Similar abstracts:

• Abstracts: The evolution and reform of industrial enterprises: ten years later. Barter in Russia
• Abstracts: Productivity levels and international competitiveness between Canadian and US industries. Economic and productivity growth in Canadian industries
• Abstracts: Why the apple doesnEt fall far: understanding intergenerational transmission of human capital. The rise of female professionals: are women responding to skill demand?
• Abstracts: A multibeta representation theorem for linear asset pricing theories. Do stock market liberalizations cause investment booms?
• Abstracts: Competition or predation? Consumer coordination, strategic pricing and price floors in network markets. Innovation, Rent Extraction, and Integration in Systems Markets

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.