Smart Forward Shooting
AbstractIn this paper we develop a set of innovative forward-shooting algorithms that solve for the global nonlinear saddle path in models with 1-3 jump variables. Exploiting the fact that the algorithms are mechanical and model-free, we have placed canned, fully-automated programs in the public domain. The programs do not require any substantive human input. The user’s only responsibility is to type in the equations of the model correctly.
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Bibliographic InfoPaper provided by Department of Economics, Florida State University in its series Working Papers with number wp2008_04_01.
Date of creation: Nov 2007
Date of revision: Apr 2008
Other versions of this item:
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-29 (All new papers)
- NEP-CBA-2008-04-29 (Central Banking)
- NEP-CMP-2008-04-29 (Computational Economics)
- NEP-ORE-2008-04-29 (Operations Research)
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wp2008_11_01, Department of Economics, Florida State University, revised Sep 2008.
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