This paper offers a fi…xed-point approach to the issue of price level determination in general equilibrium. It arrives at a solution method for rational expectations models with missing initial conditions for financial wealth. The paper emphasizes the calculation of an equilibrium initial...

An explicit finite difference scheme for the numerical solution of the diffusion equation on a rectangular region, subject to a non-local boundary condition in the form of a double integral which simulates the specificaion of mass in a curved region is developed. The scheme, is based on the...

abstract currently unavailable