Optimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations

This paper presents a computationally feasible procedure for the optimal control and stochastic simulation of large nonlinear models with rational expectations under the assumption of certainty equivalence.

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Year of publication:	2001-06-20
Authors:	Fair, Ray
Institutions:	School of Management, Yale University

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Extent:	application/pdf
Series:	Yale School of Management Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005586931