IDEAS home Printed from https://ideas.repec.org/p/fsu/wpaper/wp2004_08_01.html
   My bibliography  Save this paper

Solving for the Global Nonlinear Saddlepath: Reverse Shooting vs. Approximation Methods

Author

Listed:
  • Manoj Atolia

    () (Department of Economics, Florida State University)

  • Edward F. Buffie

    () (Department of Economics, Indiana University)

Abstract

We present the blueprints for a set of innovative reverse shooting algorithms that trap the global saddle path in systems with 2-4 state variables. The solution procedure is built around a new distance mapping and refined simplex algorithms. Since the algorithms are completely reliable and always work in the same way, we have been able to develop canned problems that solve for the global nonlinear saddle path in any model with 2-4 state variables. The programs are written in the spirit of plug and play: the user types in the equations of the model and then waits for the solution.

Suggested Citation

  • Manoj Atolia & Edward F. Buffie, 2004. "Solving for the Global Nonlinear Saddlepath: Reverse Shooting vs. Approximation Methods," Working Papers wp2004_08_01, Department of Economics, Florida State University.
  • Handle: RePEc:fsu:wpaper:wp2004_08_01
    as

    Download full text from publisher

    File URL: ftp://econpapers.fsu.edu/RePEc/fsu/wpaper/wp2004_08_01.pdf
    File Function: First version, 2004-08
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Alfonso Novales & Emilio Dominguez & Javier J. Perez & Jesus Ruiz, 1998. "Solving Non-linear Rational Expectations Models By Eigenvalue-Eigenvector Decompositions," QM&RBC Codes 124, Quantitative Macroeconomics & Real Business Cycles.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Manoj Atolia, 2003. "Productivity-Enhancing Reforms, Private Capital Inflows, and Real Interest Rates in Africa," Working Papers wp2003_10_02, Department of Economics, Florida State University, revised Dec 2008.

    More about this item

    Keywords

    Reverse Shooting; global saddle path; distance mapping.;

    JEL classification:

    • 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
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fsu:wpaper:wp2004_08_01. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dmitry Ryvkin). General contact details of provider: http://edirc.repec.org/data/defsuus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.