Computing the steady state of linear quadratic optimization for models with rational expectations
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| Publication date | 1998 |
| Journal | Economics Letters |
| Volume | Issue number | 58 | 2 |
| Pages (from-to) | 185-191 |
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| Abstract | In this paper we present a simple algorithm for computing the steady state of the Linear-Quadratic control model with rational expectations. The method uses Sims' approach for solving rational expectations models first, and then solves the steady state through an iterative scheme. |
| Document type | Article |
| Language | English |
| Published at |
https://doi.org/10.1016/S0165-1765(97)00263-2
(Final published version)
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