Title

Full Information Estimation and Stochastic Simulation of Models with Rational Expectations

Document Type

Discussion Paper

Publication Date

8-1-1989

CFDP Number

921

CFDP Pages

22

Abstract

A computationally feasible method for the full information maximum likelihood estimation of models with rational expectations is described in this paper. The stochastic simulation of such models is also described. The methods discussed in this paper should open the way for many more tests of the rational expectations hypothesis within macroeconomic models.

This document is currently not available here.

Share

COinS