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On the solution of saddlepoint problems in continuous time rational expectations models
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
On the solution of saddlepoint problems in continuous time rational expectations models
On the solution of saddlepoint problems in continuous time rational expectations models |
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| Creator |
Chappell, David
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| Subject |
Επιχειρησιακή δαπάνη; Τιμή συναλλάγματος
Operational expenditure; Exchange rate |
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| Description |
A generalised solution method for rational expectations models which are representable by systems of first-order linear differential equations with constant coefficients is introduced. The existing literature relies on the existence of a similarity transformation which can be used to diagonalize the coefficient matrix of the model. The method presented in this paper may also be used when such a transformation does not exist. A simple example for which a diagonalizing transformation does not exist is used to illustrate the application of the solution method. |
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| Publisher |
University of Piraeus
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| Date |
1991-07-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/976
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 41, No 3 (1991); 265-273
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/976/1055
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| Rights |
Copyright (c) 1991 SPOUDAI - Journal of Economics and Business
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