Checking for saddlepoint stability: An easy test

Computational Economics

Volumn 9, Issue 4, 1996, Pages 317-330

  Boucekkine, Raouf ^a   Le Van, Cuong ^b  

^a UNIVERSIDAD CARLOS III DE MADRID   (Spain)

^b CEPREMAP   (France)

Author keywords

Expectations; Perturbations; Relaxation algorithms; Saddlepoint paths; Terminal conditions

Indexed keywords

EID: 0001017795     PISSN: 09277099     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF00119478     Document Type: Article

References (11)

1. Blanchard, O. and Kahn, C. (1980), The Solution of linear difference models under rational expectations, Econometrica 48, 1305-1311.
2. Christodoulakis, N. and Weale, M. (1987), The stock exchange in a macroeconomic model, Economic Modelling 4, 341-354.
3. Fair, R. and Taylor, J.B (1983), Solution and maximum likelihood estimation of dynamic nonlinear rational expectations models, Econometrica 51, 1169-1185.
4. Fisher, P. (1992), Rational expectations in macroeconomic models, Kluwer Academic Publishers, London.
5. Laffargue, J-P. (1990), Résolution d'un modèle macroéconomique avec anticipations rationnelles, Annales d'Economie et Statistique 17, 97-119.
6. Maciekowsky, J. and Vines, D. (1984), Decoupled control of a macroeconomic model using frequency domain methods, Journal of Economic Dynamics and Control 7, 55-77.
7. Masson, P., Symansky, S. and Meredith, G. (1990), MULTIMOD Mark II: A revised and extended model, Occasional Paper 71, International Monetary Fund, Washington.
8. McCallum, B. (1983), On Non-Uniqueness in rational expectations models: an attemp at perspective, Journal of Monetary Economics 11, 139-168.
9. Stewart, G.W. (1973), Introduction to matrix computations, Academic Press, London.
10. Stokey, N. and Lucas, R. with Prescott, E. (1989), Recursive methods in economic dynamics, Harvard University Press, Boston.
11. Weale, M., Blake, A., Christodoulakis, N., Meade, J. and Vines, D. (1989), Macroeconomic policy: inflation, wealth and the exchange rate, Unwin Hyman, London.