Nonlinearity, ComputationaL Complexity and Macroeconomic Modelling

Nonlinearity, ComputationaL Complexity and Macroeconomic Modelling

In this paper we survey and appraise the main contributions to solving and stabilising non‐linear equation systems typically found in Economics. We are keen wherever possible to draw distinctions and limiting cases between different solution methods, define acceleration strategies and encourage the...

Full description

Saved in:
Bibliographic Details
Published in:Journal of economic surveys Vol. 13; no. 5; pp. 577 - 618
Main Authors: McAdam1, Peter, Hughes Hallett, A. J.
Format: Journal Article
Language:English
Published: Oxford, UK and Boston, USA Blackwell Publishers Ltd 01-12-1999
Tieto
Subjects:
Algorithms
Economic models
Macroeconomic modelling
Macroeconomics
Mathematical economics
Modelling
Non-linear models
Nonlinearity
Numerical solution methods
Stability
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In this paper we survey and appraise the main contributions to solving and stabilising non‐linear equation systems typically found in Economics. We are keen wherever possible to draw distinctions and limiting cases between different solution methods, define acceleration strategies and encourage the use of hybrid or switching algorithms. Both large‐scale traditional macroeconomic models as well as smaller non‐linear analytical models are considered.
Bibliography:istex:4A197A36E7892D22B9BC481EBF659B78EE45AC47
ark:/67375/WNG-J1MJ4RNZ-Z
ArticleID:JOES099
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0950-0804
1467-6419
DOI:10.1111/1467-6419.00099