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http://hdl.handle.net/10016/3909
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| we951712.pdf | -- 2009-04-08 -- Available on Internet -- preprint | 507,89 kB | Adobe PDF | |  |
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| Title: | Precision performances of terminal conditions for short time horizons forward-looking systems |
| Author(s): | Boucekkine, Raouf
Juillard, Michel
Malgrange, Pierre |
| Publisher: | Universidad Carlos III de Madrid. Departamento de Economía |
| Issued date: | May-1995 |
| URI: | http://hdl.handle.net/10016/3909 |
| Abstract: | In this paper, we investigate both theoretically and empirically the numerical bias due to the truncation of structurally infinite time forward-Iooking models, by the means of various terminal conditions. We shed light on the difficulties of numerical control using the latter instrurnents, and recornrnend a prior investigation of the individual dynamics generated by each variable of the models under consideration. |
| Serie / Nº.: | UC3M Working Paper. Economics;
1995-17-12 |
| Keywords: | Expectations
Large scale models
Solution time horizons
Terminal conditions |
| Appears in Collections: | Economists Online
DE - Working Papers. Economics. WE
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