Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/209798 
Authors: 
Year of Publication: 
2001
Series/Report no.: 
Working Paper No. 2001/9
Publisher: 
Norges Bank, Oslo
Abstract: 
The solutions of a macroeconometricmodel with expectations of future-dated variables has to be approximated by numerical simulations. A brief review of deterministic and stochastic dynamic simulations of a backward-looking model is followed by a conceptual presentation of methods for dynamic simulations of a forward-looking (rational expectations) model. Detailed numerical methods for solving the models are beyond the scope of this note.
Subjects: 
forward-looking models
rational expectations
simultaneous equation systems
stochastic simulation
JEL: 
C15
C30
C63
Persistent Identifier of the first edition: 
ISBN: 
82-7553-185-3
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
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