A procedure for simulating linear models in continuous time with perfect foresight and hysteresis
This work presents a procedure to simulate continuous linear models with perfect foresight and histeresis. The procedure, which constitutes the basis of the LPFH algorithm, is based on a generalization of the standard structural form introduced by Austin and Buiter (1982) and Buiter (1984), and allo...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1998 |
| País: | México |
| Institución: | EL COLEGIO DE MÉXICO |
| Repositorio: | Estudios Económicos de El Colegio de México |
| Idioma: | español |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/242 |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/242 |
| Access Level: | acceso abierto |
| Palabra clave: | linear models histeresis Austin and Buiter Buiter modelos lineales histéresis Austin y Buiter |
| Sumario: | This work presents a procedure to simulate continuous linear models with perfect foresight and histeresis. The procedure, which constitutes the basis of the LPFH algorithm, is based on a generalization of the standard structural form introduced by Austin and Buiter (1982) and Buiter (1984), and allows for the numerical solution of models with many state variables. |
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