Peer reviewed
ERIC Number: EJ704795
Record Type: Journal
Publication Date: 2004-Jun-22
Pages: 15
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Solving Rational Expectations Models Using Excel
Strulik, Holger
Journal of Economic Education, v35 n3 p269 Sum 2004
Simple problems of discrete-time optimal control can be solved using a standard spreadsheet software. The employed-solution method of backward iteration is intuitively understandable, does not require any programming skills, and is easy to implement so that it is suitable for classroom exercises with rational-expectations models. The author explains the method in general and shows how the basic models of neoclassical growth and real business cycles are solved using Microsoft Excel.
Descriptors: Spreadsheets, Economic Progress, Economic Climate, Computer Software, Economics Education, Classroom Techniques
Heldref Publications, Helen Dwight Reid Educational Foundation, 1319 Eighteenth Street, NW, Washington, DC 20036-1802. Web site: http://www.heldref.org.
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A