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Microscopic Study Reveals the Singular Origins of Growth
Microscopic Study Reveals Singular Origins Growth
2010/12/17
P.W. Anderson proposed the concept of complexity in order to describe the emergence and growth of macroscopic collective patterns out of the simple interactions of many microscopic agents. In the phy...
System Reduction and Solution Algorithms for Singular Linear Difference Systems under Rational Expectations
system reduction algorithm models solutions in practice
2014/3/18
A first-order linear difference system under rational expectations is,AEyt+1|It =Byt +C(F)Ext|It ,Whereyt is a vector of endogenous variables; xt is a vector of exogenous variables; Eyt+1|It is the ex...
THE SOLUTION OF SINGULAR LINEAR DIFFERENCE SYSTEMS UNDER RATIONAL EXPECTATIONS
SINGULAR LINEAR DIFFERENCE SYSTEMS RATIONAL EXPECTATIONS
2014/3/18
Many linear rational expectations macroeconomic models can be cast in the first-order form, AEtyt+ 1 =Byt + CEtxt, if the matrix A is permitted to be singular. We show that there ...