Search Results - subject:"Saddle-path instability"

A new solution to an old problem : a temporary equilibrium version of the Ramsey model

Bellino, Enrico - In: Rivista internazionale di scienze sociali 128 (2020) 3, pp. 285-300

Persistent link: https://www.econbiz.de/10012547910

Solving a Saddlepath Unstable Model with Complex-Valued Eigenvalues

Stemp, Peter; Herbert, Ric D. - Department of Economics, Oxford University - 2003

This paper investigates the success of the well-known reverse-shooting and forward-shooting algorithms in finding stable solutions for linear macroeconomic models that both possess the particular property known as saddle-path instabiity and also have highly cyclic dynamic properties. It is...

Persistent link: https://www.econbiz.de/10005090655

Comparing different approaches for solving optimizing models with significant nonlinearities

Stemp, Peter J.; Herbert, Ric D. - In: Mathematics and Computers in Simulation (MATCOM) 78 (2008) 2, pp. 357-366

The property of saddle-path instability often arises in economic models derived from optimizing behavior by individual …

Persistent link: https://www.econbiz.de/10011050656

Solving Non-Linear Models with Saddle-Path Instabilities

Stemp, Peter; Herbert, Ric - In: Computational Economics 28 (2006) 2, pp. 211-231

Persistent link: https://www.econbiz.de/10005701629

Assessing two common approaches for solving models with saddle-path instabilities

Herbert, Ric D.; Stemp, Peter J.; Griffiths, William E. - In: Mathematics and Computers in Simulation (MATCOM) 69 (2005) 1, pp. 78-89

-shooting algorithms to solve large-scale macroeconomic models characterized by saddle-path instability. We focus on a range of investment …

Persistent link: https://www.econbiz.de/10010870517