Optimal Control and Stochastic Simulation of Large Nonlinear Models with Rational Expectations
22 Pages Posted: 20 Jun 2001
Date Written: May 2001
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.
JEL Classification: C15, C50
Suggested Citation: Suggested Citation