Solving non-linear models with saddle-path instabilities

DOI10.1007/s10614-006-9042-6zbMath1101.91062OpenAlexW2078932386MaRDI QIDQ857743

Peter J. Stemp, Ric D. Herbert

Publication date: 20 December 2006

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10614-006-9042-6

zbMATH Keywords

macroeconomicscomputational techniquesmonotonic convergencecomplex-valued eigenvaluescyclic convergencereal-valued eigenvaluessaddle-path instability

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (2)

Solving a non-linear model: The importance of model specification for deriving a suitable solution ⋮ Comparing different approaches for solving optimizing models with significant nonlinearities

Uses Software

• Matlab
• ode23
• ode45
• Ode15s
• fminsearch
• ode113
• ode23s
• MATLAB ODE suite
• Gensys

Cites Work

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• Convergence Properties of the Nelder--Mead Simplex Method in Low Dimensions
• Adjustment Costs in the Theory of Investment of the Firm
• Numerical solution of infinite-horizon optimal-control problems

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