Article
Optimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations
Computational Economics
(2003)
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.
Disciplines
Publication Date
June, 2003
Citation Information
Ray C Fair. "Optimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations" Computational Economics Vol. 21 (2003) Available at: http://works.bepress.com/ray_fair/8/