Solving the Stochastic Growth Model by Backsolving with an Expanded Shock Space.
I explain how a technique called backsolving is used to find simulated solution paths for a simple economic-growth model. Backsolving can also be applied to generate simulated solution paths for general nonlinear stochastic models.
Year of publication: |
1990
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Authors: | Ingram, Beth Fisher |
Published in: |
Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 8.1990, 1, p. 37-38
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Publisher: |
American Statistical Association |
Saved in:
Saved in favorites
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