Hidden Bibliographic Details
| Other authors / contributors: | Laxton, Douglas, author.
International Monetary Fund. Research Department.
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| ISBN: | 1451898509
9781451898507
1462372139
9781462372133
9781451947144
1451947143
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| Notes: | Includes bibliographical references (pages 24-26).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The development and use of forward-looking macro models in policymaking institutions has proceeded at a pace much slower than predicted in the early 1980s. An important reason is that researchers have not had access to robust and efficient solution techniques for solving nonlinear forward-looking models. This paper discusses the properties of a new algorithm that is used for solving MULTIMOD, the IMF's multicountry model of the world economy. This algorithm is considerably faster and much less prone to simulation failures than to traditional algorithms and can also be used to solve individual country models of the same size.
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| Other form: | Print version: Juillard, Michel. Robust and efficient method for solving nonlinear rational expectations models. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1996
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| Standard no.: | 10.5089/9781451898507.001
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