Precision performances of terminal conditions for short time horizons forward-looking systems

Boucekkine, Raouf;Julliard, Michel;Malgrange, Pierre
(1995) , http://e-archivo.uc3m.es/bitstream/10016/3909/1/we951712.pdf pages

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Authors
  • Boucekkine, RaoufUniversidad Carlos III de Madrid
    Author
  • Julliard, MichelCEPREMAP
    Author
  • Malgrange, PierreCEPREMAP
    Author
Abstract
In this paper, we investigate both theoretically and empirically the numerical bias due to the truncation of structurally infinite time forward-Iooking models, by the means of various terminal conditions. We shed light on the difficulties of numerical control using the latter instrurnents, and recornrnend a prior investigation of the individual dynamics generated by each variable of the models under consideration.
Affiliations
  • Universidad Carlos III de MadridDepartamento de economía
  • CEPREMAP

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Boucekkine, R., Julliard, M., & Malgrange, P. (1995). Precision performances of terminal conditions for short time horizons forward-looking systems (Open access publication from Universidad Carlos III 95-17). https://hdl.handle.net/2078.5/29727