کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
9741196 1489450 2005 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Assessing two common approaches for solving models with saddle-path instabilities
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی کنترل و سیستم های مهندسی
پیش نمایش صفحه اول مقاله
Assessing two common approaches for solving models with saddle-path instabilities
چکیده انگلیسی
This paper presents an approach for assessing the time taken by the well known reverse-shooting and forward-shooting algorithms to solve large-scale macroeconomic models characterized by saddle-path instability. We focus on a range of investment models with multi-dimensional specifications of the capital stock. Each algorithm presents a complicated exercise with a potentially unstable ordinary differential equation to be solved over a wide parameter space and involving a difficult search. Our results provide insights into how the complexity of the solutions to a broad range of macroeconomic models increases with the dimensionality of the models. We describe how econometric techniques could be used to summarize the likely success of competing algorithms when confronted with models exhibiting a range of properties.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Mathematics and Computers in Simulation - Volume 69, Issues 1–2, 20 June 2005, Pages 78-89
نویسندگان
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