Linear Quadratic Optimization for Models with Rational Expectations

In this paper we present a method for using rational expectations in a linear-quadratic optimizationframework. Following the approach put forward by Sims, we solve the model through a QZdecomposition, which is generally easier to implement than the more widely used method of Blanchardand Kahn.

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Year of publication:	1997
Authors:	Amman, Hans M. ; Kendrick, David A.
Publisher:	Amsterdam and Rotterdam : Tinbergen Institute
Subject:	Nichtlineare Optimierung \| Rationale Erwartung \| Dekompositionsverfahren \| Theorie

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Series:	Tinbergen Institute Discussion Paper ; 97-102/2
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	787843997 [GVK] hdl:10419/85698 [Handle] RePEc:dgr:uvatin:19970102 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010324670