On the backward-forward procedure

It is shown that backward-forward procedure which selects solutions in dynamic models with rational expectations may fail to give a solution when the lags are of order two.

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Year of publication:	1980
Authors:	Gouriéroux, Christian ; Laffont, Jean-Jacques ; Montfort, A.
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	Inflation \| Dynamic Analysis \| forward–backward algorithm

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Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, 1980, Vol. 5, no. 3. pp. 215-217.Length: 2 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010755895