Download This PaperOptimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations
22 Pages Posted: 20 Jun 2001
Date Written: May 2001
Abstract
This paper presents a computationally feasible procedure for the optimal control and stochastic simulation of large nonlinear models with rational expectations under the assumption of certainty equivalence.
JEL Classification: C15, C50
Suggested Citation: Suggested Citation
Ray C. Fair (Contact Author)
Yale University - Cowles Foundation ( email )
Box 208281
New Haven, CT 06520-8281
United States
203-432-3715 (Phone)
203-432-6167 (Fax)
HOME PAGE: http://fairmodel.econ.yale.edu
Yale School of Management - International Center for Finance ( email )
Box 208200
New Haven, CT 06520
United States
203-432-3715 (Phone)
203-432-6167 (Fax)
HOME PAGE: http://fairmodel.econ.yale.edu
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