MARC Record from Library of Congress

LEADER: 01701nam a22002777a 4500
001 2006623225
003 DLC
005 20061208083956.0
007 cr |||||||||||
008 061207s2006 dcu sb f000 0 eng
010 $a 2006623225
040 $aDLC$cDLC
050 00 $aHG1
100 1 $aAnderson, Gary S.
245 10 $aSolving linear rational expectations models$h[electronic resource] :$ba horse race /$cGary S. Anderson.
260 $aWashington, D.C. :$bFederal Reserve Board,$c[2006]
490 1 $aFinance and economics discussion series ;$v2006-26
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 12/7/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper compares the functionality, accuracy, computational efficiency, and practicalities of alternative approaches to solving linear rational expectations models, including the procedures of (Sims, 1996), (Anderson and Moore, 1983), (Binder and Pesaran, 1994), (King and Watson, 1998), (Klein, 1999), and (Uhlig, 1999). While all six prcedures yield similar results for models with a unique stationary solution, the AIM algorithm of (Anderson and Moore, 1983) provides the highest accuracy; furthermore, this procedure exhibits significant gains in computational efficiency for larger-scale models"--Federal Reserve Board web site.
653 $aLinear rational expectations;$ablanchard-kahn;$asaddle point solution.
830 0 $aFinance and economics discussion series (Online) ;$v2006-26.
856 40 $uhttp://www.federalreserve.gov/pubs/feds/2006/200626/200626abs.html